Terrestrial Energy (NASDAQ:IMSR) Shares Gap Up – What’s Next?

Terrestrial Energy Inc. (NASDAQ:IMSR) shares gapped up before the market opened 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.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on IMSR shares. Zacks Research raised Terrestrial Energy to a “hold” rating in a research report on Friday, January 30th. Northland Securities started coverage on Terrestrial Energy in a research report on Thursday, January 29th. They set an “outperform” rating and a $15.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $13.50.

Terrestrial Energy Price Performance

The company has a 50-day simple moving average of $6.73.

Institutional Investors Weigh In On Terrestrial Energy

An institutional investor recently bought a new position in Terrestrial Energy stock. Bank of New York Mellon Corp acquired a new stake in shares of Terrestrial Energy Inc. (NASDAQ:IMSR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,035 shares of the company’s stock, valued at approximately $102,000.

Terrestrial Energy Company Profile

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.