Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s share price traded down 4.7% during mid-day trading on Tuesday . The company traded as low as $24.75 and last traded at $25.09. 1,513,494 shares were traded during trading, a decline of 55% from the average session volume of 3,355,855 shares. The stock had previously closed at $26.32.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on NNE shares. HC Wainwright reissued a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. Benchmark lifted their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a research report on Thursday, November 7th.
Check Out Our Latest Stock Report on Nano Nuclear Energy
Nano Nuclear Energy Trading Down 2.2 %
The business has a 50-day simple moving average of $22.80 and a two-hundred day simple moving average of $17.11.
Hedge Funds Weigh In On Nano Nuclear Energy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC bought a new position in Nano Nuclear Energy during the 2nd quarter worth $250,000. Citizens Financial Group Inc. RI acquired a new stake in Nano Nuclear Energy in the 2nd quarter worth about $2,016,000. State Street Corp bought a new stake in Nano Nuclear Energy in the 3rd quarter valued at about $718,000. XTX Topco Ltd bought a new stake in Nano Nuclear Energy in the 3rd quarter valued at about $305,000. Finally, Barclays PLC bought a new position in shares of Nano Nuclear Energy during the third quarter worth approximately $76,000.
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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