Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Up – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE) gapped up before the market opened on Thursday . The stock had previously closed at $23.09, but opened at $25.00. Nano Nuclear Energy shares last traded at $23.82, with a volume of 731,416 shares.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NNE shares. Benchmark raised 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. HC Wainwright began coverage on Nano Nuclear Energy in a research report on Wednesday, October 30th. They set a “buy” rating and a $50.00 target price on the stock.

Nano Nuclear Energy Stock Down 4.2 %

The company has a 50 day moving average of $17.16.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) earnings per share for the quarter. Research analysts predict that Nano Nuclear Energy Inc. will post -0.46 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NNE. Citizens Financial Group Inc. RI raised its holdings in shares of Nano Nuclear Energy by 747.7% during the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after acquiring an additional 643,000 shares during the last quarter. State Street Corp purchased a new stake in shares of Nano Nuclear Energy during the third quarter worth approximately $718,000. XTX Topco Ltd acquired a new position in Nano Nuclear Energy in the 3rd quarter valued at $305,000. Commonwealth Equity Services LLC purchased a new position in Nano Nuclear Energy in the 2nd quarter valued at $250,000. Finally, Barclays PLC acquired a new stake in Nano Nuclear Energy during the 3rd quarter worth $76,000.

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.