Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) traded down 5.4% on Thursday . The stock traded as low as $19.11 and last traded at $19.25. 1,394,938 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 2,976,798 shares. The stock had previously closed at $20.34.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on NNE. Benchmark reaffirmed a "buy" rating and issued a $39.00 target price on shares of Nano Nuclear Energy in a report on Monday, July 15th. HC Wainwright assumed coverage on Nano Nuclear Energy in a report on Wednesday. They set a "buy" rating and a $50.00 price target for the company.
Check Out Our Latest Research Report on Nano Nuclear Energy
Nano Nuclear Energy Trading Down 3.8 %
The business has a 50-day moving average price of $14.94.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) earnings per share for the quarter.
Institutional Investors Weigh In On Nano Nuclear Energy
An institutional investor recently bought a new position in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI purchased a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 86,000 shares of the company's stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned approximately 0.30% of Nano Nuclear Energy as of its most recent filing with the Securities and Exchange Commission.
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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