Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) were down 16.7% on Monday . The company traded as low as $26.70 and last traded at $28.00. Approximately 6,492,344 shares changed hands during mid-day trading, an increase of 101% from the average daily volume of 3,237,472 shares. The stock had previously closed at $33.60.
Wall Street Analyst Weigh In
NNE has been the topic of several research reports. Benchmark boosted 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 on the stock.
View Our Latest Stock Report on NNE
Nano Nuclear Energy Stock Down 22.9 %
The firm has a 50 day moving average price of $19.06 and a 200-day moving average price of $14.60.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC bought a new position in shares of Nano Nuclear Energy during the third quarter valued at approximately $76,000. Commonwealth Equity Services LLC bought a new stake in shares of Nano Nuclear Energy during the 2nd quarter worth approximately $250,000. XTX Topco Ltd purchased a new position in Nano Nuclear Energy during the 3rd quarter valued at $305,000. State Street Corp bought a new position in Nano Nuclear Energy in the 3rd quarter valued at $718,000. Finally, Virtu Financial LLC purchased a new stake in Nano Nuclear Energy in the third quarter worth $933,000.
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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