Nano Nuclear Energy (NASDAQ:NNE) Trading Up 4.1% – Here’s What Happened

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) rose 4.1% on Tuesday . The company traded as high as $23.83 and last traded at $23.62. Approximately 1,042,054 shares changed hands during trading, a decline of 66% from the average daily volume of 3,085,820 shares. The stock had previously closed at $22.69.

Analyst Ratings Changes

Several brokerages recently commented on NNE. HC Wainwright started coverage on shares of Nano Nuclear Energy in a research report on Wednesday, October 30th. They set a “buy” rating and a $50.00 price objective on the stock. 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 report on Thursday, November 7th.

Nano Nuclear Energy Price Performance

The company’s fifty day simple moving average is $17.76.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Citizens Financial Group Inc. RI grew its position in shares of Nano Nuclear Energy by 747.7% during the 3rd 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 period. Geode Capital Management LLC acquired a new stake in shares of Nano Nuclear Energy in the third quarter worth approximately $954,000. State Street Corp acquired a new stake in shares of Nano Nuclear Energy in the third quarter worth approximately $718,000. XTX Topco Ltd acquired a new position in Nano Nuclear Energy during the third quarter worth $305,000. Finally, Commonwealth Equity Services LLC acquired a new position in Nano Nuclear Energy during the second quarter worth $250,000.

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.