Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 3.8% – What’s Next?

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) were up 3.8% during mid-day trading on Monday . The company traded as high as $25.98 and last traded at $25.90. 1,202,329 shares changed hands during trading, a decline of 64% from the average daily volume of 3,353,218 shares. The stock had previously closed at $24.94.

Analyst Ratings Changes

NNE has been the topic of a number of recent analyst reports. HC Wainwright reiterated a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th. Benchmark increased their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

Nano Nuclear Energy Stock Up 5.5 %

The firm’s 50 day moving average is $22.47 and its two-hundred day moving average is $16.86.

Institutional Trading of Nano Nuclear Energy

A number of hedge funds have recently added to or reduced their stakes in NNE. Citizens Financial Group Inc. RI grew its holdings in Nano Nuclear Energy by 747.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after purchasing an additional 643,000 shares in the last quarter. Geode Capital Management LLC bought a new stake in shares of Nano Nuclear Energy during the third quarter valued at about $954,000. Virtu Financial LLC bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth about $933,000. State Street Corp bought a new stake in Nano Nuclear Energy during the third quarter worth approximately $718,000. Finally, XTX Topco Ltd bought a new position in shares of Nano Nuclear Energy during the 3rd quarter valued at about $305,000.

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.