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

Nano Nuclear Energy Inc. (NASDAQ:NNE) traded up 9.2% during trading on Friday . The stock 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.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Benchmark boosted their price target 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 reiterated a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday.

Nano Nuclear Energy Price Performance

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

Institutional Trading of Nano Nuclear Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC purchased a new stake in Nano Nuclear Energy in the 3rd quarter valued at $76,000. Commonwealth Equity Services LLC purchased a new stake in Nano Nuclear Energy in the 2nd quarter valued at $250,000. XTX Topco Ltd purchased a new stake in Nano Nuclear Energy in the 3rd quarter valued at $305,000. State Street Corp purchased a new stake in Nano Nuclear Energy in the 3rd quarter valued at $718,000. Finally, Virtu Financial LLC purchased a new stake in Nano Nuclear Energy in the 3rd quarter valued at $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.