Nano Nuclear Energy (NASDAQ:NNE) Shares Up 3.1% – Here’s What Happened

Posted by Linda Flegge on Nov 29th, 2024

Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report)’s share price traded up 3.1% during trading on Wednesday . The company traded as high as $27.32 and last traded at $26.83. 1,921,670 shares traded hands during trading, a decline of 42% from the average session volume of 3,292,594 shares. The stock had previously closed at $26.02.

Analysts Set New Price Targets

A number of brokerages have issued reports on NNE. Benchmark boosted their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. HC Wainwright reaffirmed a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday.

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Nano Nuclear Energy Stock Up 2.9 %

The stock has a fifty day moving average of $20.21 and a 200-day moving average of $15.06.

Hedge Funds Weigh In On Nano Nuclear Energy

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

About Nano Nuclear Energy

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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.