Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Up – Still a Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares gapped up prior to trading on Thursday . The stock had previously closed at $24.10, but opened at $25.53. Nano Nuclear Energy shares last traded at $25.45, with a volume of 1,342,288 shares.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NNE. Benchmark raised their price objective 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 reissued a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th.

Nano Nuclear Energy Stock Performance

The stock has a 50 day moving average price of $22.47 and a 200-day moving average price of $16.71.

Hedge Funds Weigh In On Nano Nuclear Energy

A number of large investors have recently bought and sold shares of NNE. Citizens Financial Group Inc. RI purchased a new stake in shares of Nano Nuclear Energy during the second quarter valued at approximately $2,016,000. Commonwealth Equity Services LLC bought a new stake in Nano Nuclear Energy in the 2nd quarter worth $250,000. Virtu Financial LLC purchased a new position in shares of Nano Nuclear Energy in the third quarter valued at about $933,000. Barclays PLC bought a new position in shares of Nano Nuclear Energy during the third quarter valued at about $76,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Nano Nuclear Energy during the third quarter worth about $954,000.

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.