Nano Nuclear Energy (NASDAQ:NNE) Shares Up 9.2% – What’s Next?

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) shot up 9.2% during trading on Friday . The company traded as high as $29.65 and last traded at $29.23. 2,766,059 shares changed hands during trading, a decline of 16% from the average session volume of 3,303,457 shares. The stock had previously closed at $26.77.

Analyst Ratings Changes

A number of brokerages have commented on NNE. HC Wainwright reaffirmed a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday. 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 note on Thursday, November 7th.

Nano Nuclear Energy Stock Up 3.0 %

The business’s 50 day moving average price is $20.21 and its 200-day moving average price is $15.06.

Institutional Investors Weigh In On Nano Nuclear Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC purchased a new stake in Nano Nuclear Energy during the 3rd quarter worth approximately $76,000. Commonwealth Equity Services LLC purchased a new stake in Nano Nuclear Energy during the 2nd quarter worth approximately $250,000. XTX Topco Ltd purchased a new stake in Nano Nuclear Energy during the 3rd quarter worth approximately $305,000. State Street Corp purchased a new stake in Nano Nuclear Energy during the 3rd quarter worth approximately $718,000. Finally, Virtu Financial LLC purchased a new stake in Nano Nuclear Energy during the 3rd quarter worth approximately $933,000.

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.