Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Down – Here’s Why

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $16.62, but opened at $16.12. Nano Nuclear Energy shares last traded at $18.10, with a volume of 1,252,449 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating and set a $39.00 price target on shares of Nano Nuclear Energy in a report on Monday, July 15th.

Nano Nuclear Energy Trading Up 1.4 %

The company’s 50 day moving average is $11.76.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Commonwealth Equity Services LLC acquired a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,665 shares of the company’s stock, valued at approximately $250,000.

About Nano Nuclear Energy

NANO Nuclear Energy Inc is an emerging, advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified and vertically integrated company across business lines cutting edge portable microreactor technology, nuclear fuel fabrication, nuclear fuel transportation and nuclear industry consulting services.