Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 1.4% – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares rose 1.4% during mid-day trading on Tuesday . The stock traded as high as $29.03 and last traded at $28.00. Approximately 3,278,877 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 5,129,052 shares. The stock had previously closed at $27.61.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NNE shares. HC Wainwright restated a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a report on Wednesday, November 27th. Benchmark boosted 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 Price Performance

The business’s 50-day moving average is $20.50 and its two-hundred day moving average is $15.39.

Hedge Funds Weigh In On Nano Nuclear Energy

Several hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth about $933,000. Barclays PLC acquired a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth $76,000. Geode Capital Management LLC acquired a new stake in Nano Nuclear Energy during the third quarter worth about $954,000. XTX Topco Ltd bought a new position in Nano Nuclear Energy in the third quarter valued at approximately $305,000. Finally, State Street Corp bought a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at $718,000.

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.