Nano Nuclear Energy (NASDAQ:NNE) Sees Strong Trading Volume – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares saw an uptick in trading volume on Wednesday . 4,266,775 shares were traded 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 Upgrades and Downgrades

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

Nano Nuclear Energy Stock Up 37.9 %

The company’s fifty day moving average price is $12.08.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI bought a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 (SEC).

Nano Nuclear Energy Company Profile

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.