Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s stock price rose 4.9% on Wednesday . The stock traded as high as $29.40 and last traded at $28.58. Approximately 3,427,376 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 3,398,377 shares. The stock had previously closed at $27.24.
Analyst Upgrades and Downgrades
Several research firms have commented on NNE. Benchmark upped their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. HC Wainwright reiterated a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th.
Get Our Latest Report on NNE
Nano Nuclear Energy Stock Up 4.9 %
The company has a 50 day moving average price of $23.68 and a 200-day moving average price of $17.78.
Hedge Funds Weigh In On Nano Nuclear Energy
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in Nano Nuclear Energy in the third quarter worth approximately $933,000. Barclays PLC bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth $76,000. Geode Capital Management LLC bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth $954,000. XTX Topco Ltd acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at $305,000. Finally, State Street Corp bought a new position in Nano Nuclear Energy during the third quarter valued at about $718,000.
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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