Nano Nuclear Energy (NASDAQ:NNE) Receives Buy Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of Nano Nuclear Energy (NASDAQ:NNE) in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a $50.00 price objective on the stock.

Separately, Benchmark boosted their price target on 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 Price Performance

Shares of Nano Nuclear Energy stock opened at $26.77 on Wednesday. The business has a 50-day moving average price of $19.88 and a 200 day moving average price of $14.98. Nano Nuclear Energy has a fifty-two week low of $3.25 and a fifty-two week high of $37.51.

Institutional Investors Weigh In On Nano Nuclear Energy

Several institutional investors and hedge funds have recently bought and sold shares of NNE. Citizens Financial Group Inc. RI boosted its stake in Nano Nuclear Energy by 747.7% in the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after acquiring an additional 643,000 shares during the period. Geode Capital Management LLC bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $954,000. Virtu Financial LLC acquired a new position in Nano Nuclear Energy during the 3rd quarter valued at approximately $933,000. State Street Corp bought a new position in Nano Nuclear Energy during the 3rd quarter worth $718,000. Finally, XTX Topco Ltd bought a new position in Nano Nuclear Energy during the 3rd quarter worth $305,000.

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.