Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s stock price dropped 6.2% on Friday . The company traded as low as $26.07 and last traded at $26.70. Approximately 1,534,638 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 3,380,285 shares. The stock had previously closed at $28.47.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the stock. Benchmark upped their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. HC Wainwright restated a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th.
Read Our Latest Analysis on NNE
Nano Nuclear Energy Stock Down 5.4 %
The company has a fifty day moving average of $24.15 and a 200 day moving average of $18.06.
Hedge Funds Weigh In On Nano Nuclear Energy
A number of institutional investors and hedge funds have recently made changes to their positions in NNE. JPMorgan Chase & Co. purchased a new position in Nano Nuclear Energy during the third quarter valued at $25,000. Barclays PLC bought a new position in shares of 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 second quarter worth about $250,000. XTX Topco Ltd purchased a new position in shares of Nano Nuclear Energy during the 3rd quarter valued at about $305,000. Finally, State Street Corp bought a new position in shares of Nano Nuclear Energy during the 3rd quarter valued at approximately $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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