Nano Nuclear Energy (NASDAQ:NNE) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Nano Nuclear Energy (NASDAQ:NNE) issued its earnings results on Monday. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08, Zacks reports.

Nano Nuclear Energy Trading Down 5.9 %

Shares of NNE opened at $25.32 on Monday. The business’s 50-day moving average is $24.15 and its 200-day moving average is $18.21. Nano Nuclear Energy has a fifty-two week low of $3.25 and a fifty-two week high of $37.51.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Benchmark lifted their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. HC Wainwright restated a “buy” rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, November 27th.

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.