Nano Nuclear Energy (NASDAQ:NNE) Trading 0.7% Higher – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price was up 0.7% during trading on Monday . The company traded as high as $29.03 and last traded at $27.81. Approximately 1,425,799 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 3,305,231 shares. The stock had previously closed at $27.61.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NNE shares. HC Wainwright reiterated a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, November 27th. Benchmark lifted their price target 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 Stock Performance

The stock’s 50 day moving average is $20.50 and its two-hundred day moving average is $15.39.

Institutional Investors Weigh In On Nano Nuclear Energy

Institutional investors have recently modified their holdings of the company. Barclays PLC acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at $76,000. Commonwealth Equity Services LLC acquired a new position in Nano Nuclear Energy during the second quarter worth approximately $250,000. XTX Topco Ltd purchased a new stake in Nano Nuclear Energy in the third quarter valued at approximately $305,000. State Street Corp purchased a new position in shares of Nano Nuclear Energy during the third quarter worth approximately $718,000. Finally, Virtu Financial LLC acquired a new stake in Nano Nuclear Energy during the 3rd quarter worth $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.