Nano Nuclear Energy (NASDAQ:NNE) Shares Down 5.1% - What's Next?

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) were down 5.1% during mid-day trading on Wednesday . The stock traded as low as $22.02 and last traded at $22.16. Approximately 1,179,179 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 3,346,872 shares. The stock had previously closed at $23.35.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NNE shares. Benchmark boosted their price objective on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, November 7th. HC Wainwright restated a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th.

Nano Nuclear Energy Trading Up 2.5 %

The company has a 50 day simple moving average of $22.10 and a 200 day simple moving average of $16.47.

Institutional Investors Weigh In On Nano Nuclear Energy

Several large investors have recently bought and sold shares of NNE. Barclays PLC acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $76,000. Commonwealth Equity Services LLC acquired a new position in Nano Nuclear Energy in the second quarter valued at approximately $250,000. XTX Topco Ltd acquired a new position in Nano Nuclear Energy in the third quarter valued at approximately $305,000. State Street Corp acquired a new position in Nano Nuclear Energy in the third quarter valued at approximately $718,000. Finally, Virtu Financial LLC acquired a new position in Nano Nuclear Energy in the third quarter valued at approximately $933,000.

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.

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