Nano Nuclear Energy (NASDAQ:NNE) Price Target Raised to $66.00 at Benchmark

Nano Nuclear Energy (NASDAQ:NNE - Free Report) had its target price boosted by Benchmark from $39.00 to $66.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Separately, HC Wainwright initiated coverage on Nano Nuclear Energy in a research report on Wednesday, October 30th. They issued a "buy" rating and a $50.00 target price on the stock.

Nano Nuclear Energy Stock Up 13.9 %

NNE stock traded up $2.65 during midday trading on Thursday, reaching $21.70. 4,645,490 shares of the company's stock traded hands, compared to its average volume of 3,006,654. Nano Nuclear Energy has a fifty-two week low of $3.25 and a fifty-two week high of $37.51. The stock's 50-day simple moving average is $15.56.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter. On average, equities analysts forecast that Nano Nuclear Energy will post -0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Commonwealth Equity Services LLC bought a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,665 shares of the company's stock, valued at approximately $250,000.

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.