Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Up – Should You Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $19.18, but opened at $19.96. Nano Nuclear Energy shares last traded at $20.04, with a volume of 1,061,216 shares changing hands.

Analysts Set New Price Targets

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

Nano Nuclear Energy Stock Up 11.6 %

The firm has a 50 day moving average price of $14.17.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) earnings per share (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 acquired a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 86,000 shares of the company’s stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned about 0.30% of Nano Nuclear Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

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.