Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) dropped 0.6% on Wednesday . The company traded as low as $24.94 and last traded at $25.60. Approximately 2,393,213 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 3,358,989 shares. The stock had previously closed at $25.75.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. HC Wainwright reaffirmed a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th. Benchmark increased 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.
View Our Latest Report on NNE
Nano Nuclear Energy Stock Down 7.8 %
The firm's 50-day moving average is $22.80 and its 200 day moving average is $17.11.
Hedge Funds Weigh In On Nano Nuclear Energy
Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC acquired a new position in shares of Nano Nuclear Energy during the third quarter worth $76,000. Commonwealth Equity Services LLC acquired a new position in shares of Nano Nuclear Energy in the 2nd quarter valued at approximately $250,000. XTX Topco Ltd purchased a new position in shares of Nano Nuclear Energy during the 3rd quarter valued at approximately $305,000. State Street Corp acquired a new stake in shares of Nano Nuclear Energy during the third quarter worth approximately $718,000. Finally, Virtu Financial LLC acquired a new position in Nano Nuclear Energy during the 3rd quarter worth $933,000.
About Nano Nuclear Energy
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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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