Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s share price rose 3.5% on Thursday . The stock traded as high as $25.80 and last traded at $24.94. Approximately 2,411,729 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 3,351,754 shares. The stock had previously closed at $24.10.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. HC Wainwright reissued a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. Benchmark raised their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, November 7th.
View Our Latest Report on Nano Nuclear Energy
Nano Nuclear Energy Price Performance
The firm has a fifty day simple moving average of $22.23 and a two-hundred day simple moving average of $16.53.
Hedge Funds Weigh In On Nano Nuclear Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC bought a new position in Nano Nuclear Energy in the third quarter worth about $76,000. Commonwealth Equity Services LLC bought a new position in shares of Nano Nuclear Energy in the 2nd quarter worth approximately $250,000. XTX Topco Ltd bought a new position in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $305,000. State Street Corp purchased a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at approximately $718,000. Finally, Virtu Financial LLC bought a new stake in shares of Nano Nuclear Energy during the third quarter valued at approximately $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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