Nano Nuclear Energy (NASDAQ:NNE) Shares Down 0.2% – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares dropped 0.2% on Thursday . The company traded as low as $23.25 and last traded at $23.69. Approximately 1,140,347 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 3,362,675 shares. The stock had previously closed at $23.73.

Analyst Upgrades and Downgrades

Several research firms recently commented on NNE. Benchmark increased their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, November 7th. HC Wainwright reaffirmed a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th.

Nano Nuclear Energy Price Performance

The company has a 50-day simple moving average of $23.23 and a two-hundred day simple moving average of $17.34.

Institutional Trading of Nano Nuclear Energy

Several large investors have recently modified their holdings of NNE. Citizens Financial Group Inc. RI boosted its holdings in Nano Nuclear Energy by 747.7% in the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after acquiring an additional 643,000 shares in the last quarter. Geode Capital Management LLC purchased a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth about $954,000. Virtu Financial LLC purchased a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth about $933,000. State Street Corp bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at about $718,000. Finally, XTX Topco Ltd purchased a new position in shares of Nano Nuclear Energy during the third quarter valued at about $305,000.

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.