Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Down – Should You Sell?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $33.60, but opened at $29.98. Nano Nuclear Energy shares last traded at $28.00, with a volume of 1,554,998 shares changing hands.

Analysts Set New Price Targets

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

Nano Nuclear Energy Trading Up 0.4 %

The business has a 50-day moving average of $19.57 and a two-hundred day moving average of $14.90.

Institutional Trading of Nano Nuclear Energy

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