Nano Nuclear Energy (NASDAQ:NNE) Trading Down 0.6% – Time to Sell?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price traded down 0.6% during trading on Wednesday . The company traded as low as $24.94 and last traded at $25.60. 2,393,213 shares were traded during trading, a decline of 29% from the average session volume of 3,358,989 shares. The stock had previously closed at $25.75.

Wall Street Analysts Forecast Growth

NNE has been the subject of a number of research analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. 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 report on Thursday, November 7th.

Nano Nuclear Energy Trading Up 2.9 %

The business has a fifty day simple moving average of $23.08 and a two-hundred day simple moving average of $17.21.

Institutional Trading of Nano Nuclear Energy

A number of hedge funds have recently modified their holdings of NNE. Barclays PLC bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $76,000. Commonwealth Equity Services LLC purchased a new position in Nano Nuclear Energy during the second quarter valued at $250,000. XTX Topco Ltd bought a new stake in Nano Nuclear Energy in the third quarter worth $305,000. State Street Corp purchased a new stake in shares of Nano Nuclear Energy in the third quarter worth $718,000. Finally, Virtu Financial LLC bought a new position in shares of Nano Nuclear Energy during the third quarter valued at $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.