Nano Nuclear Energy (NASDAQ:NNE) Trading Up 0.7% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares traded up 0.7% during trading on Wednesday . The company traded as high as $23.60 and last traded at $21.05. 4,652,980 shares changed hands during trading, an increase of 57% from the average session volume of 2,968,522 shares. The stock had previously closed at $20.90.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Benchmark restated a “buy” rating and set a $39.00 target price on shares of Nano Nuclear Energy in a research report on Monday, July 15th. HC Wainwright initiated coverage on shares of Nano Nuclear Energy in a research note on Wednesday. They issued a “buy” rating and a $50.00 price target for the company.

Nano Nuclear Energy Price Performance

The firm’s 50-day moving average is $14.94.

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

Hedge Funds Weigh In On Nano Nuclear Energy

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI bought a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 at the end of the most recent reporting period.

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.