Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares fell 2.1% on Friday . The company traded as low as $22.30 and last traded at $23.90. 1,550,326 shares changed hands during trading, a decline of 54% from the average session volume of 3,362,638 shares. The stock had previously closed at $24.41.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Benchmark boosted their price objective on 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 reaffirmed a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th.
Check Out Our Latest Report on Nano Nuclear Energy
Nano Nuclear Energy Price Performance
The stock's 50-day moving average is $23.08 and its 200-day moving average is $17.21.
Hedge Funds Weigh In On Nano Nuclear Energy
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NNE. Virtu Financial LLC acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $933,000. Citizens Financial Group Inc. RI bought a new stake in Nano Nuclear Energy during the second quarter worth approximately $2,016,000. XTX Topco Ltd acquired a new position in Nano Nuclear Energy in the third quarter worth approximately $305,000. Commonwealth Equity Services LLC bought a new position in shares of Nano Nuclear Energy in the second quarter valued at $250,000. Finally, Barclays PLC acquired a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at $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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