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

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares saw strong trading volume on Tuesday . 3,368,486 shares were traded during trading, an increase of 11% from the previous session’s volume of 3,042,098 shares.The stock last traded at $23.58 and had previously closed at $21.60.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NNE. HC Wainwright began coverage on Nano Nuclear Energy in a research report on Wednesday, October 30th. They set a “buy” rating and a $50.00 price target for the company. Benchmark lifted their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

Nano Nuclear Energy Stock Performance

The business has a 50-day moving average price of $16.26.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Wednesday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter. On average, research analysts forecast that Nano Nuclear Energy Inc. will post -0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI increased its holdings in Nano Nuclear Energy Inc. (NASDAQ:NNE) by 747.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 729,000 shares of the company’s stock after buying an additional 643,000 shares during the period. Citizens Financial Group Inc. RI owned about 2.26% of Nano Nuclear Energy worth $10,505,000 as of its most recent filing with the SEC.

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.