Nano Nuclear Energy (NASDAQ:NNE) Stock Price Down 2.1% – Here’s What Happened

Posted by Chris Copeland on Dec 22nd, 2024

Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report)’s share price dropped 2.1% during mid-day trading on Friday . The stock traded as low as $22.30 and last traded at $23.90. Approximately 1,550,326 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 3,362,638 shares. The stock had previously closed at $24.41.

Analyst Upgrades and Downgrades

NNE has been the topic of several analyst reports. HC Wainwright reissued a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, November 27th. Benchmark upped their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

View Our Latest Analysis on NNE

Nano Nuclear Energy Stock Up 3.2 %

The company’s fifty day moving average price is $23.23 and its two-hundred day moving average price is $17.42.

Institutional Investors Weigh In On Nano Nuclear Energy

Several large investors have recently made changes to their positions in NNE. Commonwealth Equity Services LLC bought a new stake in shares of Nano Nuclear Energy in the 2nd quarter worth about $250,000. Citizens Financial Group Inc. RI acquired a new position in Nano Nuclear Energy during the 2nd quarter worth about $2,016,000. State Street Corp acquired a new position in Nano Nuclear Energy during the 3rd quarter worth about $718,000. XTX Topco Ltd acquired a new position in Nano Nuclear Energy during the 3rd quarter worth about $305,000. Finally, Barclays PLC acquired a new position in Nano Nuclear Energy during the 3rd quarter worth about $76,000.

About Nano Nuclear Energy

(Get Free Report)

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.