Nano Nuclear Energy (NASDAQ:NNE) Sees Large Volume Increase – Here’s Why

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) saw unusually-high trading volume on Wednesday . Approximately 4,266,775 shares traded hands during trading, an increase of 74% from the previous session’s volume of 2,455,490 shares.The stock last traded at $17.66 and had previously closed at $15.56.

Wall Street Analyst Weigh In

Separately, Benchmark restated a “buy” rating and issued a $39.00 price objective on shares of Nano Nuclear Energy in a research note on Monday, July 15th.

Nano Nuclear Energy Stock Up 8.8 %

The stock has a 50-day simple moving average of $12.56.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI purchased a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 86,000 shares of the company’s stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned approximately 0.30% of Nano Nuclear Energy as of its most recent SEC filing.

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.