Shares of Terrestrial Energy Inc. (NASDAQ:IMSR - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $7.19, but opened at $7.94. Terrestrial Energy shares last traded at $7.9360, with a volume of 2,235,263 shares traded.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Northland Securities assumed coverage on Terrestrial Energy in a research note on Thursday, January 29th. They issued an "outperform" rating and a $15.00 target price on the stock. Zacks Research upgraded Terrestrial Energy to a "hold" rating in a research note on Friday, January 30th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $13.50.
Read Our Latest Research Report on Terrestrial Energy
Terrestrial Energy Price Performance
The stock has a 50 day simple moving average of $6.73.
Institutional Trading of Terrestrial Energy
A hedge fund recently bought a new stake in Terrestrial Energy stock. Bank of New York Mellon Corp purchased a new position in shares of Terrestrial Energy Inc. (NASDAQ:IMSR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,035 shares of the company's stock, valued at approximately $102,000.
About Terrestrial Energy
(
Get Free Report)
Terrestrial Energy Inc produces carbon free nuclear energy in North Carolina and internationally. The company was founded in 2013 and is headquartered in Charlotte, North Carolina.
Further Reading
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