Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 0.7% – Here’s Why

Nano Nuclear Energy Inc. (NASDAQ:NNE) rose 0.7% on Wednesday . The company traded as high as $23.60 and last traded at $21.05. Approximately 4,652,980 shares were traded during trading, an increase of 57% from the average daily volume of 2,968,522 shares. The stock had previously closed at $20.90.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NNE shares. Benchmark reissued a “buy” rating and issued a $39.00 price target on shares of Nano Nuclear Energy in a report on Monday, July 15th. HC Wainwright initiated coverage on Nano Nuclear Energy in a report on Wednesday. They issued a “buy” rating and a $50.00 price target for the company.

Nano Nuclear Energy Trading Down 1.4 %

The company’s fifty day moving average is $14.58.

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

Hedge Funds Weigh In On Nano Nuclear Energy

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI bought a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 86,000 shares of the company’s stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned 0.30% of Nano Nuclear Energy as of its most recent filing with the SEC.

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.