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Nano Nuclear Energy (NASDAQ:NNE) Shares Up 1.5% - Time to Buy?

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Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s stock price shot up 1.5% on Friday . The company traded as high as $33.00 and last traded at $29.68. 3,969,951 shares changed hands during trading, an increase of 25% from the average session volume of 3,170,094 shares. The stock had previously closed at $29.25.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NNE shares. HC Wainwright started coverage on shares of Nano Nuclear Energy in a research report on Wednesday, October 30th. They set a "buy" rating and a $50.00 price objective for the company. Benchmark lifted their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a report on Thursday, November 7th.

Read Our Latest Research Report on Nano Nuclear Energy

Nano Nuclear Energy Stock Performance

The stock's 50 day simple moving average is $18.69 and its 200 day simple moving average is $14.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Citizens Financial Group Inc. RI boosted its holdings in Nano Nuclear Energy by 747.7% during the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company's stock worth $10,505,000 after purchasing an additional 643,000 shares during the last quarter. Geode Capital Management LLC bought a new stake in Nano Nuclear Energy in the third quarter worth about $954,000. Virtu Financial LLC bought a new stake in Nano Nuclear Energy in the third quarter worth about $933,000. State Street Corp bought a new stake in Nano Nuclear Energy in the third quarter worth about $718,000. Finally, XTX Topco Ltd bought a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $305,000.

Nano Nuclear Energy Company Profile

(Get Free Report)

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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