Nano Nuclear Energy (NASDAQ:NNE) Shares Up 4.9% – Still a Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price traded up 4.9% on Wednesday . The stock traded as high as $29.40 and last traded at $28.58. 3,427,376 shares were traded during trading, an increase of 1% from the average session volume of 3,398,377 shares. The stock had previously closed at $27.24.

Wall Street Analyst Weigh In

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

Nano Nuclear Energy Price Performance

The stock has a 50-day moving average price of $23.68 and a two-hundred day moving average price of $17.78.

Institutional Trading of Nano Nuclear Energy

A number of hedge funds have recently added to or reduced their stakes in NNE. Virtu Financial LLC acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at about $933,000. Barclays PLC purchased a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $76,000. Geode Capital Management LLC acquired a new position in Nano Nuclear Energy during the 3rd quarter worth about $954,000. XTX Topco Ltd acquired a new position in shares of Nano Nuclear Energy in the third quarter worth $305,000. Finally, State Street Corp purchased a new stake in Nano Nuclear Energy during the 3rd quarter worth about $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.