State Street Corp Makes New Investment in Nano Nuclear Energy Inc. (NASDAQ:NNE)

State Street Corp bought a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 49,800 shares of the company's stock, valued at approximately $718,000. State Street Corp owned approximately 0.15% of Nano Nuclear Energy as of its most recent SEC filing.

Separately, Commonwealth Equity Services LLC purchased a new position in Nano Nuclear Energy in the 2nd quarter valued at $250,000.

Nano Nuclear Energy Trading Up 12.9 %

NNE traded up $3.08 on Friday, hitting $27.01. 4,299,499 shares of the company were exchanged, compared to its average volume of 3,207,149. The firm has a 50-day moving average price of $24.34 and a two-hundred day moving average price of $18.53. Nano Nuclear Energy Inc. has a twelve month low of $3.25 and a twelve month high of $37.51.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its quarterly earnings data on Monday, December 30th. The company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.08. Sell-side analysts expect that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NNE. Benchmark increased their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, November 7th. HC Wainwright reiterated a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, November 27th.

Nano Nuclear Energy Profile

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.