Nano Nuclear Energy (NASDAQ:NNE) Trading Up 5% – Should You Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price shot up 5% during trading on Tuesday . The stock traded as high as $24.95 and last traded at $22.68. 4,191,249 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 3,045,574 shares. The stock had previously closed at $21.60.

Wall Street Analysts Forecast Growth

NNE has been the topic of several recent research reports. HC Wainwright initiated coverage on Nano Nuclear Energy in a research report on Wednesday, October 30th. They issued a “buy” rating and a $50.00 price target on the stock. Benchmark increased their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th.

Nano Nuclear Energy Trading Down 1.9 %

The firm’s 50 day moving average price is $16.85.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter. As a group, equities analysts predict that Nano Nuclear Energy Inc. will post -0.46 EPS for the current fiscal year.

Institutional Trading of Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Commonwealth Equity Services LLC purchased a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,665 shares of the company’s stock, valued at approximately $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.