Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) was up 5% during trading on Tuesday . The company traded as high as $28.66 and last traded at $28.59. Approximately 1,639,759 shares were traded during trading, a decline of 52% from the average daily volume of 3,384,241 shares. The stock had previously closed at $27.24.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. 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 note on Thursday, November 7th. HC Wainwright restated a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th.
Read Our Latest Research Report on Nano Nuclear Energy
Nano Nuclear Energy Stock Up 4.9 %
The firm's 50-day simple moving average is $23.42 and its 200-day simple moving average is $17.62.
Institutional Investors Weigh In On Nano Nuclear Energy
Several institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in Nano Nuclear Energy during the third quarter worth about $933,000. Barclays PLC acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $76,000. Geode Capital Management LLC bought a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $954,000. XTX Topco Ltd acquired a new stake in Nano Nuclear Energy in the 3rd quarter valued at $305,000. Finally, State Street Corp acquired a new stake in Nano Nuclear Energy in the 3rd quarter valued at $718,000.
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.
Further Reading
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