Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s share price was up 2.4% during trading on Monday . The stock traded as high as $25.98 and last traded at $25.80. Approximately 899,643 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 3,373,122 shares. The stock had previously closed at $25.19.
Analysts Set New Price Targets
A number of research firms have weighed in on NNE. HC Wainwright reiterated a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. Benchmark lifted their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, November 7th.
Get Our Latest Research Report on Nano Nuclear Energy
Nano Nuclear Energy Stock Up 8.1 %
The firm has a 50 day moving average of $23.23 and a 200-day moving average of $17.48.
Institutional Trading of Nano Nuclear Energy
Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC purchased a new stake in Nano Nuclear Energy during the third quarter worth $76,000. Commonwealth Equity Services LLC bought a new position in shares of Nano Nuclear Energy in the 2nd quarter worth $250,000. XTX Topco Ltd purchased a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth $305,000. State Street Corp bought a new stake in Nano Nuclear Energy during the third quarter valued at about $718,000. Finally, Virtu Financial LLC purchased a new position in Nano Nuclear Energy in the third quarter valued at about $933,000.
About Nano Nuclear Energy
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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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