Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 1.5% – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price traded up 1.5% on Friday . The company traded as high as $33.00 and last traded at $29.68. 3,969,951 shares were traded during trading, an increase of 25% from the average session volume of 3,170,094 shares. The stock had previously closed at $29.25.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Benchmark upped their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. HC Wainwright assumed coverage on shares of Nano Nuclear Energy in a research note on Wednesday, October 30th. They issued a “buy” rating and a $50.00 price target for the company.

Nano Nuclear Energy Stock Up 5.6 %

The stock’s 50 day moving average price is $18.69 and its 200-day moving average price is $14.40.

Institutional Investors Weigh In On Nano Nuclear Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC bought a new position in Nano Nuclear Energy in the 3rd quarter worth $76,000. Commonwealth Equity Services LLC bought a new position in Nano Nuclear Energy in the 2nd quarter worth $250,000. XTX Topco Ltd bought a new position in Nano Nuclear Energy in the 3rd quarter worth $305,000. State Street Corp bought a new position in Nano Nuclear Energy in the 3rd quarter worth $718,000. Finally, Virtu Financial LLC bought a new position in shares of Nano Nuclear Energy in the 3rd quarter worth about $933,000.

Nano Nuclear Energy Company 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.