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Nano Nuclear Energy (NASDAQ:NNE) Sees Strong Trading Volume - Should You Buy?

Nano Nuclear Energy logo with Oils/Energy background

Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 4,266,775 shares traded hands during mid-day trading, an increase of 74% from the previous session's volume of 2,455,490 shares.The stock last traded at $17.66 and had previously closed at $15.56.

Analyst Ratings Changes

Separately, Benchmark reiterated a "buy" rating and set a $39.00 price target on shares of Nano Nuclear Energy in a report on Monday, July 15th.

Read Our Latest Report on Nano Nuclear Energy

Nano Nuclear Energy Trading Up 37.9 %

The business's 50-day moving average is $12.35.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter.

Hedge Funds Weigh In On Nano Nuclear Energy

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI purchased a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 86,000 shares of the company's stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned 0.30% of Nano Nuclear Energy at the end of the most recent quarter.

Nano Nuclear Energy Company Profile

(Get Free Report)

NANO Nuclear Energy Inc is an emerging, advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified and vertically integrated company across business lines cutting edge portable microreactor technology, nuclear fuel fabrication, nuclear fuel transportation and nuclear industry consulting services.

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