Nano Nuclear Energy (NASDAQ:NNE) Announces Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Nano Nuclear Energy (NASDAQ:NNE) released its quarterly earnings results on Monday. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08, Zacks reports.

Nano Nuclear Energy Trading Down 7.8 %

Shares of NASDAQ:NNE opened at $24.83 on Tuesday. The firm’s 50-day moving average is $24.10 and its two-hundred day moving average is $18.34. Nano Nuclear Energy has a 1 year low of $3.25 and a 1 year high of $37.51.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Benchmark lifted their price objective 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 reiterated a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th.

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.