Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 5% – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price was up 5% on Tuesday . The company traded as high as $24.95 and last traded at $22.68. Approximately 4,191,249 shares traded hands during trading, an increase of 38% from the average daily volume of 3,045,574 shares. The stock had previously closed at $21.60.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NNE shares. Benchmark lifted their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. HC Wainwright started coverage on Nano Nuclear Energy in a report on Wednesday, October 30th. They issued a “buy” rating and a $50.00 price objective for the company.

Nano Nuclear Energy Stock Performance

The company has a 50 day moving average of $16.26.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) earnings per share for the quarter. As a group, equities analysts expect that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI raised its holdings in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 747.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 729,000 shares of the company’s stock after acquiring an additional 643,000 shares during the quarter. Citizens Financial Group Inc. RI owned approximately 2.26% of Nano Nuclear Energy worth $10,505,000 as of its most recent SEC filing.

About Nano Nuclear Energy

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.