Traders Purchase High Volume of Call Options on Nano Nuclear Energy (NASDAQ:NNE)

Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) was the target of some unusual options trading on Friday. Investors acquired 51,678 call options on the stock. This represents an increase of approximately 327% compared to the average daily volume of 12,107 call options.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ NNE traded up $7.92 during trading on Friday, hitting $35.49. The company had a trading volume of 9,834,627 shares, compared to its average volume of 3,625,489. Nano Nuclear Energy has a 52 week low of $3.81 and a 52 week high of $48.05. The business's 50-day moving average is $24.85 and its 200 day moving average is $27.01. The company has a market cap of $1.33 billion and a P/E ratio of -84.49.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.46). On average, research analysts expect that Nano Nuclear Energy will post -0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Nano Nuclear Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Nano Nuclear Energy by 44.4% in the first quarter. Vanguard Group Inc. now owns 990,024 shares of the company's stock worth $26,196,000 after buying an additional 304,405 shares during the period. Citizens Financial Group Inc. RI boosted its stake in Nano Nuclear Energy by 23.5% in the 4th quarter. Citizens Financial Group Inc. RI now owns 900,000 shares of the company's stock worth $22,406,000 after purchasing an additional 171,000 shares during the period. Anson Funds Management LP acquired a new position in Nano Nuclear Energy in the 4th quarter worth approximately $20,746,000. Hudson Bay Capital Management LP purchased a new position in Nano Nuclear Energy during the 4th quarter worth approximately $19,642,000. Finally, Van ECK Associates Corp purchased a new position in Nano Nuclear Energy during the 4th quarter worth approximately $11,311,000.

Nano Nuclear Energy Company 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.

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