Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 3.1% – What’s Next?

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) rose 3.1% on Friday . The stock traded as high as $24.30 and last traded at $23.81. Approximately 1,022,306 shares changed hands during trading, a decline of 70% from the average daily volume of 3,353,429 shares. The stock had previously closed at $23.10.

Wall Street Analyst Weigh In

NNE has been the topic of a number of recent analyst reports. HC Wainwright reiterated a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th. Benchmark lifted their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Nano Nuclear Energy Trading Up 8.0 %

The business has a fifty day simple moving average of $22.47 and a 200 day simple moving average of $16.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NNE. Citizens Financial Group Inc. RI raised its position in shares of Nano Nuclear Energy by 747.7% in the third 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 acquired a new stake in Nano Nuclear Energy in the 3rd quarter valued at about $954,000. Virtu Financial LLC purchased a new position in Nano Nuclear Energy in the 3rd quarter worth approximately $933,000. State Street Corp acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $718,000. Finally, XTX Topco Ltd acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $305,000.

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.