Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) rose 9.2% during trading on Friday . The stock traded as high as $29.65 and last traded at $29.23. Approximately 2,766,059 shares changed hands during trading, a decline of 16% from the average daily volume of 3,303,457 shares. The stock had previously closed at $26.77.
Analyst Ratings Changes
A number of analysts have issued reports on NNE shares. HC Wainwright reissued a "buy" rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a report on Wednesday. Benchmark boosted their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, November 7th.
Read Our Latest Stock Report on Nano Nuclear Energy
Nano Nuclear Energy Stock Up 3.1 %
The stock's fifty day simple moving average is $20.50 and its 200-day simple moving average is $15.23.
Institutional Trading of Nano Nuclear Energy
A number of institutional investors and hedge funds have recently made changes to their positions in NNE. Commonwealth Equity Services LLC bought a new stake in shares of Nano Nuclear Energy during the 2nd quarter worth approximately $250,000. Citizens Financial Group Inc. RI bought a new stake in shares of Nano Nuclear Energy during the 2nd quarter worth approximately $2,016,000. State Street Corp bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $718,000. XTX Topco Ltd bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $305,000. Finally, Barclays PLC bought a new stake in shares of Nano Nuclear Energy during the 3rd 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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