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

Nano Nuclear Energy Inc. (NASDAQ:NNE) gapped up prior to trading on Thursday . The stock had previously closed at $23.15, but opened at $24.03. Nano Nuclear Energy shares last traded at $25.90, with a volume of 1,501,648 shares changing hands.

Analysts Set New Price Targets

NNE has been the subject of a number of research analyst reports. Benchmark upped their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, November 7th. HC Wainwright started coverage on shares of Nano Nuclear Energy in a research note on Wednesday, October 30th. They set a “buy” rating and a $50.00 price objective for the company.

Nano Nuclear Energy Stock Performance

The business’s 50 day simple moving average is $19.06 and its 200 day simple moving average is $14.53.

Hedge Funds Weigh In On Nano Nuclear Energy

A number of large investors have recently made changes to their positions in NNE. Barclays PLC acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at about $76,000. Commonwealth Equity Services LLC acquired a new position in shares of Nano Nuclear Energy in the 2nd quarter valued at about $250,000. XTX Topco Ltd acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at about $305,000. State Street Corp acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at about $718,000. Finally, Virtu Financial LLC acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at about $933,000.

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.