Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s share price rose 10.4% during trading on Friday after Benchmark raised their price target on the stock from $39.00 to $66.00. Benchmark currently has a buy rating on the stock. Nano Nuclear Energy traded as high as $24.00 and last traded at $23.96. Approximately 2,879,953 shares traded hands during trading, a decline of 4% from the average daily volume of 3,005,796 shares. The stock had previously closed at $21.70.
Separately, HC Wainwright initiated coverage on Nano Nuclear Energy in a research note on Wednesday, October 30th. They set a "buy" rating and a $50.00 target price on the stock.
Read Our Latest Analysis on NNE
Institutional Investors Weigh In On Nano Nuclear Energy
An institutional investor recently bought a new position in Nano Nuclear Energy stock. Commonwealth Equity Services LLC bought a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,665 shares of the company's stock, valued at approximately $250,000.
Nano Nuclear Energy Price Performance
The stock's 50-day simple moving average is $16.03.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) earnings per share for the quarter. On average, analysts expect that Nano Nuclear Energy Inc. will post -0.46 EPS for the current fiscal year.
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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