Nano Nuclear Energy (NASDAQ:NNE) Trading Up 1.4% – Should You Buy?

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) rose 1.4% during mid-day trading on Tuesday . The company traded as high as $29.03 and last traded at $28.00. Approximately 3,278,877 shares were traded during trading, a decline of 36% from the average daily volume of 5,129,052 shares. The stock had previously closed at $27.61.

Wall Street Analysts Forecast Growth

NNE has been the topic of several research reports. HC Wainwright reissued a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. Benchmark raised their target price 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 Up 1.4 %

The business’s 50-day simple moving average is $20.50 and its 200-day simple moving average is $15.39.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Barclays PLC purchased a new stake in shares of Nano Nuclear Energy during the third quarter valued at approximately $76,000. Commonwealth Equity Services LLC acquired a new stake in shares of Nano Nuclear Energy during the 2nd quarter worth approximately $250,000. XTX Topco Ltd acquired a new position in shares of Nano Nuclear Energy during the third quarter valued at $305,000. State Street Corp acquired a new position in Nano Nuclear Energy during the 3rd quarter valued at about $718,000. Finally, Virtu Financial LLC bought a new position in Nano Nuclear Energy in the 3rd quarter worth approximately $933,000.

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.