Nano Nuclear Energy (NASDAQ:NNE) Trading 4.7% Higher – Here’s What Happened

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) shot up 4.7% on Thursday . The stock traded as high as $29.93 and last traded at $29.91. Approximately 1,063,577 shares changed hands during trading, a decline of 69% from the average daily volume of 3,382,614 shares. The stock had previously closed at $28.58.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NNE shares. Benchmark raised their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. HC Wainwright restated a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th.

Nano Nuclear Energy Stock Up 2.1 %

The stock’s 50 day moving average price is $23.82 and its two-hundred day moving average price is $17.85.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Barclays PLC purchased a new position in Nano Nuclear Energy in the 3rd quarter valued at $76,000. Commonwealth Equity Services LLC purchased a new position in shares of Nano Nuclear Energy in the second quarter worth about $250,000. XTX Topco Ltd acquired a new position in Nano Nuclear Energy during the third quarter worth about $305,000. State Street Corp purchased a new stake in Nano Nuclear Energy during the 3rd quarter valued at about $718,000. Finally, Virtu Financial LLC acquired a new stake in Nano Nuclear Energy in the 3rd quarter valued at about $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.