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

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $23.09, but opened at $25.00. Nano Nuclear Energy shares last traded at $23.82, with a volume of 731,416 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Benchmark boosted their target price 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. HC Wainwright assumed coverage on shares of Nano Nuclear Energy in a research report on Wednesday, October 30th. They issued a “buy” rating and a $50.00 target price for the company.

Nano Nuclear Energy Stock Performance

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

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, equities analysts anticipate that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nano Nuclear Energy

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI acquired a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 86,000 shares of the company’s stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned 0.30% of Nano Nuclear Energy as of its most recent SEC filing.

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.