Anson Funds Management LP Takes $20.75 Million Position in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Anson Funds Management LP purchased a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 833,334 shares of the company's stock, valued at approximately $20,746,000. Nano Nuclear Energy makes up 2.1% of Anson Funds Management LP's holdings, making the stock its 12th largest holding. Anson Funds Management LP owned 2.28% of Nano Nuclear Energy as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of NNE. Central Asset Investments & Management Holdings HK Ltd purchased a new position in Nano Nuclear Energy during the fourth quarter valued at $774,000. Newbridge Financial Services Group Inc. bought a new position in shares of Nano Nuclear Energy during the 4th quarter valued at about $200,000. Canal Insurance CO purchased a new position in shares of Nano Nuclear Energy during the fourth quarter valued at about $622,000. State Street Corp bought a new stake in shares of Nano Nuclear Energy in the third quarter worth about $718,000. Finally, LPL Financial LLC purchased a new stake in shares of Nano Nuclear Energy in the fourth quarter worth about $2,596,000.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a report on Monday, March 31st.

Nano Nuclear Energy Stock Down 3.4 %

Nano Nuclear Energy stock traded down $0.83 during mid-day trading on Monday, reaching $23.36. 1,043,018 shares of the company's stock traded hands, compared to its average volume of 3,551,816. Nano Nuclear Energy Inc. has a 12-month low of $3.25 and a 12-month high of $48.05. The stock has a 50 day moving average of $25.45 and a two-hundred day moving average of $26.63. The company has a market cap of $866.03 million and a price-to-earnings ratio of -56.98.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.09. As a group, sell-side analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Nano Nuclear Energy Profile

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.