Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shot up 4.7% on Thursday . The company traded as high as $29.93 and last traded at $29.91. 1,063,577 shares were traded during mid-day trading, a decline of 69% from the average session volume of 3,382,614 shares. The stock had previously closed at $28.58.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Benchmark boosted their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a 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.
Read Our Latest Stock Analysis on NNE
Nano Nuclear Energy Trading Down 0.4 %
The firm's 50-day moving average price is $23.82 and its 200-day moving average price is $17.85.
Institutional Investors Weigh In On Nano Nuclear Energy
Several institutional investors have recently modified their holdings of NNE. Commonwealth Equity Services LLC purchased a new stake in Nano Nuclear Energy during the 2nd quarter valued at $250,000. Citizens Financial Group Inc. RI bought a new position in Nano Nuclear Energy during the second quarter valued at $2,016,000. State Street Corp purchased a new stake in shares of Nano Nuclear Energy in the third quarter valued at $718,000. XTX Topco Ltd bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth about $305,000. Finally, Barclays PLC bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth about $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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