Nano Nuclear Energy (NASDAQ:NNE) Shares Up 2.9% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares rose 2.9% on Thursday . The stock traded as high as $27.32 and last traded at $26.77. Approximately 4,198,389 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 3,311,204 shares. The stock had previously closed at $26.02.

Analyst Ratings Changes

NNE has been the subject of a number of research reports. Benchmark raised their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. HC Wainwright restated a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Wednesday.

Nano Nuclear Energy Stock Up 2.9 %

The business has a fifty day simple moving average of $19.88 and a 200 day simple moving average of $14.98.

Hedge Funds Weigh In On Nano Nuclear Energy

Hedge funds have recently bought and sold shares of the business. Barclays PLC acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $76,000. Commonwealth Equity Services LLC bought a new stake in shares of Nano Nuclear Energy in the second quarter valued at approximately $250,000. XTX Topco Ltd bought a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $305,000. State Street Corp acquired a new stake in Nano Nuclear Energy during the third quarter worth approximately $718,000. Finally, Virtu Financial LLC bought a new position in Nano Nuclear Energy during the 3rd quarter worth $933,000.

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.