Perigon Wealth Management LLC Purchases Shares of 109,508 Nano Nuclear Energy Inc. (NASDAQ:NNE)

Perigon Wealth Management LLC purchased a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 109,508 shares of the company’s stock, valued at approximately $2,564,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Citizens Financial Group Inc. RI lifted its holdings 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 purchasing an additional 643,000 shares in the last quarter. Geode Capital Management LLC purchased a new stake in shares of Nano Nuclear Energy in the third quarter valued at about $954,000. Virtu Financial LLC purchased a new position in shares of Nano Nuclear Energy during the third quarter valued at approximately $933,000. State Street Corp purchased a new position in shares of Nano Nuclear Energy during the third quarter valued at approximately $718,000. Finally, Canal Insurance CO purchased a new position in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $622,000.

Nano Nuclear Energy Stock Up 5.0 %

Shares of NNE stock opened at $36.54 on Thursday. Nano Nuclear Energy Inc. has a one year low of $3.25 and a one year high of $48.05. The company has a 50 day moving average price of $27.36 and a 200 day moving average price of $19.43.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings results on Monday, December 30th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.08. Equities analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. HC Wainwright reissued a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday. Benchmark upped their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.