Nano Nuclear Energy (NASDAQ:NNE) Shares Up 17.5% – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE) shot up 17.5% during mid-day trading on Thursday . The stock traded as high as $43.70 and last traded at $42.83. 7,076,739 shares were traded during mid-day trading, an increase of 27% from the average session volume of 5,589,519 shares. The stock had previously closed at $36.45.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Benchmark upped their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. HC Wainwright reissued a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th.

Nano Nuclear Energy Stock Up 4.1 %

The firm has a fifty day moving average price of $26.95 and a 200 day moving average price of $19.40.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. Research analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Institutional Trading of Nano Nuclear Energy

Institutional investors have recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI increased its holdings in Nano Nuclear Energy by 747.7% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock worth $10,505,000 after purchasing an additional 643,000 shares in the last quarter. State Street Corp acquired a new stake in Nano Nuclear Energy during the 3rd quarter valued at approximately $718,000. XTX Topco Ltd bought a new stake in Nano Nuclear Energy during the third quarter valued at $305,000. Barclays PLC acquired a new stake in Nano Nuclear Energy during the 3rd quarter worth about $76,000. Finally, Geode Capital Management LLC bought a new position in shares of Nano Nuclear Energy in the 3rd quarter worth about $954,000.

About Nano Nuclear Energy

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.