Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Down – Here’s Why

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $23.55, but opened at $22.53. Nano Nuclear Energy shares last traded at $23.77, with a volume of 1,110,704 shares trading hands.

Analysts Set New Price Targets

Separately, Benchmark reiterated a “buy” rating and issued a $39.00 price objective on shares of Nano Nuclear Energy in a research report on Monday, July 15th.

Nano Nuclear Energy Trading Down 10.2 %

The company has a 50 day moving average price of $13.52.

Nano Nuclear Energy (NASDAQ:NNE) last issued its earnings results on Wednesday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Nano Nuclear Energy

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Commonwealth Equity Services LLC acquired a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,665 shares of the company’s stock, valued at approximately $250,000.

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.