Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 4.9% – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price rose 4.9% during mid-day trading on Wednesday . The stock traded as high as $29.40 and last traded at $28.58. Approximately 3,427,376 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 3,398,377 shares. The stock had previously closed at $27.24.

Analyst Ratings Changes

NNE has been the subject of a number of recent research reports. HC Wainwright reiterated a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. 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.

Nano Nuclear Energy Stock Up 4.9 %

The stock has a 50 day moving average price of $23.68 and a 200-day moving average price of $17.78.

Institutional Trading of Nano Nuclear Energy

Several institutional investors and hedge funds have recently modified their holdings of NNE. Barclays PLC purchased a new position in Nano Nuclear Energy in the 3rd quarter worth approximately $76,000. Commonwealth Equity Services LLC bought a new position in Nano Nuclear Energy during the second quarter valued at approximately $250,000. XTX Topco Ltd bought a new position in shares of Nano Nuclear Energy during the 3rd quarter valued at approximately $305,000. State Street Corp bought a new stake in Nano Nuclear Energy in the third quarter worth $718,000. Finally, Virtu Financial LLC bought a new position in Nano Nuclear Energy during the third quarter valued at $933,000.

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.