Nano Nuclear Energy (NASDAQ:NNE) Shares Up 3.1% – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price was up 3.1% during mid-day trading on Wednesday . The stock traded as high as $27.32 and last traded at $26.83. Approximately 1,921,670 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 3,292,594 shares. The stock had previously closed at $26.02.

Analysts Set New Price Targets

NNE has been the subject of several analyst reports. HC Wainwright restated a “buy” rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday. Benchmark upped their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Nano Nuclear Energy Stock Up 3.4 %

The business’s fifty day simple moving average is $19.57 and its 200 day simple moving average is $14.90.

Hedge Funds Weigh In On Nano Nuclear Energy

Several institutional investors and hedge funds have recently modified their holdings of NNE. Barclays PLC bought a new position in Nano Nuclear Energy during the third quarter valued at approximately $76,000. Commonwealth Equity Services LLC acquired a new position in shares of Nano Nuclear Energy during the 2nd quarter worth $250,000. XTX Topco Ltd bought a new position in Nano Nuclear Energy during the third quarter valued at about $305,000. State Street Corp bought a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at approximately $718,000. Finally, Virtu Financial LLC acquired a new stake in Nano Nuclear Energy in the 3rd quarter worth approximately $933,000.

About Nano Nuclear Energy

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.