Nano Nuclear Energy (NASDAQ:NNE) Trading Up 5% – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares traded up 5% during mid-day trading on Tuesday . The company traded as high as $28.66 and last traded at $28.59. 1,639,759 shares were traded during trading, a decline of 52% from the average session volume of 3,384,241 shares. The stock had previously closed at $27.24.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NNE shares. HC Wainwright reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. Benchmark increased their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th.

Nano Nuclear Energy Price Performance

The company has a 50 day moving average price of $23.82 and a 200 day moving average price of $17.85.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NNE. Citizens Financial Group Inc. RI raised its position in Nano Nuclear Energy by 747.7% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after buying an additional 643,000 shares during the last quarter. Geode Capital Management LLC bought a new position in shares of Nano Nuclear Energy during the third quarter valued at about $954,000. Virtu Financial LLC purchased a new position in Nano Nuclear Energy during the third quarter worth about $933,000. State Street Corp bought a new stake in Nano Nuclear Energy in the 3rd quarter worth about $718,000. Finally, XTX Topco Ltd purchased a new stake in Nano Nuclear Energy in the 3rd quarter valued at about $305,000.

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.