Nano Nuclear Energy (NASDAQ:NNE) Trading 5% Higher – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) rose 5% on Tuesday . The stock 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

Several research firms recently commented on NNE. Benchmark upped their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. HC Wainwright initiated coverage on Nano Nuclear Energy in a research report on Wednesday, October 30th. They issued a “buy” rating and a $50.00 target price on the stock.

Nano Nuclear Energy Trading Down 1.9 %

The business has a 50-day moving average price of $16.85.

Nano Nuclear Energy (NASDAQ:NNE) last issued its earnings results on Wednesday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter. Equities analysts predict that Nano Nuclear Energy Inc. will post -0.46 EPS for the current year.

Institutional Trading of Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Commonwealth Equity Services LLC purchased a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) in the second quarter, according to its most recent filing with the SEC. The fund purchased 10,665 shares of the company’s stock, valued at approximately $250,000.

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.