Nano Nuclear Energy (NASDAQ:NNE) Sees Large Volume Increase – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares saw unusually-high trading volume on Friday . Approximately 4,551,156 shares were traded during trading, an increase of 44% from the previous session’s volume of 3,170,094 shares.The stock last traded at $28.09 and had previously closed at $29.25.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NNE. Benchmark lifted their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. HC Wainwright initiated coverage on Nano Nuclear Energy in a report on Wednesday, October 30th. They set a “buy” rating and a $50.00 price target for the company.

Nano Nuclear Energy Stock Up 14.9 %

The business’s 50 day moving average price is $19.06 and its two-hundred day moving average price is $14.53.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NNE. Barclays PLC bought a new stake in shares of Nano Nuclear Energy during the third quarter worth about $76,000. Commonwealth Equity Services LLC bought a new stake in Nano Nuclear Energy during the 2nd quarter worth approximately $250,000. XTX Topco Ltd acquired a new position in Nano Nuclear Energy in the 3rd quarter valued at approximately $305,000. State Street Corp bought a new position in shares of Nano Nuclear Energy during the third quarter valued at $718,000. Finally, Virtu Financial LLC acquired a new position in shares of Nano Nuclear Energy during the third 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.