Nano Nuclear Energy Target of Unusually High Options Trading (NASDAQ:NNE)

Nano Nuclear Energy Inc. (NASDAQ:NNE) was the recipient of unusually large options trading activity on Monday. Stock investors bought 15,758 call options on the stock. This is an increase of approximately 73% compared to the average daily volume of 9,097 call options.

Nano Nuclear Energy Stock Down 16.7 %

Shares of NASDAQ:NNE traded down $5.60 during trading on Monday, hitting $28.00. 6,492,344 shares of the company traded hands, compared to its average volume of 3,237,472. Nano Nuclear Energy has a one year low of $3.25 and a one year high of $37.51. The business’s fifty day moving average is $19.06 and its 200-day moving average is $14.60.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. HC Wainwright began coverage on shares of Nano Nuclear Energy in a research note on Wednesday, October 30th. They issued a “buy” rating and a $50.00 target price for the company. Benchmark boosted their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Institutional Investors Weigh In On Nano Nuclear Energy

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