Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 3,368,486 shares traded hands during trading, an increase of 11% from the previous session's volume of 3,042,098 shares.The stock last traded at $23.58 and had previously closed at $21.60.
Wall Street Analysts Forecast Growth
NNE has been the subject of several research analyst reports. Benchmark upped their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. HC Wainwright initiated coverage on shares of Nano Nuclear Energy in a report on Wednesday, October 30th. They issued a "buy" rating and a $50.00 target price for the company.
View Our Latest Stock Report on NNE
Nano Nuclear Energy Trading Up 7.5 %
The firm has a 50-day simple moving average of $16.26.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter. Analysts predict that Nano Nuclear Energy Inc. will post -0.46 EPS for the current year.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Commonwealth Equity Services LLC purchased a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,665 shares of the company's stock, valued at approximately $250,000.
Nano Nuclear Energy Company Profile
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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.
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