Nano Nuclear Energy (NASDAQ:NNE) Trading Up 4.1% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) rose 4.1% during trading on Tuesday . The company traded as high as $23.83 and last traded at $23.62. Approximately 1,042,054 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 3,085,820 shares. The stock had previously closed at $22.69.

Analyst Ratings Changes

NNE has been the subject of several recent research reports. Benchmark boosted their price target 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 note on Wednesday, October 30th. They issued a “buy” rating and a $50.00 price target for the company.

Nano Nuclear Energy Price Performance

The business has a fifty day moving average of $17.76.

Institutional Trading of Nano Nuclear Energy

A number of hedge funds have recently bought and sold shares of NNE. Commonwealth Equity Services LLC purchased a new position in shares of Nano Nuclear Energy in the second quarter valued at $250,000. Citizens Financial Group Inc. RI bought a new stake in shares of Nano Nuclear Energy in the 2nd quarter valued at about $2,016,000. State Street Corp bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at about $718,000. XTX Topco Ltd bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at about $305,000. Finally, Barclays PLC purchased a new position in Nano Nuclear Energy during the 3rd quarter valued at about $76,000.

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.