Nano Nuclear Energy (NASDAQ:NNE) Sees Large Volume Increase – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares saw unusually-strong trading volume on Wednesday . Approximately 4,266,775 shares were traded during mid-day trading, an increase of 74% from the previous session’s volume of 2,455,490 shares.The stock last traded at $17.66 and had previously closed at $15.56.

Analysts Set New Price Targets

Separately, Benchmark reaffirmed a “buy” rating and set a $39.00 price objective on shares of Nano Nuclear Energy in a report on Monday, July 15th.

Nano Nuclear Energy Price Performance

The business’s fifty day moving average price is $12.56.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter.

Hedge Funds Weigh In On Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Commonwealth Equity Services LLC purchased a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,665 shares of the company’s stock, valued at approximately $250,000.

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.