Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Up – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares gapped up before the market opened on Thursday . The stock had previously closed at $23.15, but opened at $24.03. Nano Nuclear Energy shares last traded at $25.90, with a volume of 1,501,648 shares traded.

Wall Street Analyst Weigh In

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

Nano Nuclear Energy Stock Performance

The stock has a fifty day simple moving average of $18.33 and a 200-day simple moving average of $14.29.

Hedge Funds Weigh In On Nano Nuclear Energy

Large investors have recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI boosted its stake in shares of Nano Nuclear Energy by 747.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock worth $10,505,000 after buying an additional 643,000 shares during the last quarter. Geode Capital Management LLC acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth about $954,000. Virtu Financial LLC acquired a new stake in Nano Nuclear Energy in the 3rd quarter valued at about $933,000. State Street Corp acquired a new stake in Nano Nuclear Energy in the 3rd quarter valued at about $718,000. Finally, XTX Topco Ltd acquired a new stake in Nano Nuclear Energy in the 3rd quarter valued at about $305,000.

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.