Nano Nuclear Energy (NASDAQ:NNE) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) saw an uptick in trading volume on Tuesday . 3,190,987 shares changed hands during trading, an increase of 17% from the previous session’s volume of 2,722,855 shares.The stock last traded at $23.55 and had previously closed at $27.36.

Analyst Upgrades and Downgrades

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

Nano Nuclear Energy Stock Down 15.6 %

The stock’s 50-day moving average is $13.76.

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 Trading of Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Commonwealth Equity Services LLC bought 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 SEC. The fund bought 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.