Nano Nuclear Energy (NASDAQ:NNE) Shares Up 4.1% – Here’s What Happened

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) traded up 4.1% on Tuesday . The stock traded as high as $23.83 and last traded at $23.62. 1,042,054 shares changed hands during trading, a decline of 66% from the average session volume of 3,085,820 shares. The stock had previously closed at $22.69.

Analyst Ratings Changes

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

Nano Nuclear Energy Trading Down 8.4 %

The business has a fifty day moving average price of $18.33 and a 200 day moving average price of $14.29.

Institutional Investors Weigh In On Nano Nuclear Energy

A number of hedge funds have recently made changes to their positions in the stock. Barclays PLC acquired a new stake in Nano Nuclear Energy in the third quarter valued at approximately $76,000. Commonwealth Equity Services LLC acquired a new stake in Nano Nuclear Energy during the 2nd quarter worth approximately $250,000. XTX Topco Ltd bought a new stake in Nano Nuclear Energy during the 3rd quarter worth approximately $305,000. State Street Corp acquired a new position in Nano Nuclear Energy in the 3rd quarter valued at approximately $718,000. Finally, Virtu Financial LLC bought a new position in shares of Nano Nuclear Energy during the third quarter valued at $933,000.

Nano Nuclear Energy Company Profile

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.