25,000 Shares in Nano Nuclear Energy Inc. (NASDAQ:NNE) Bought by Canal Insurance CO

Canal Insurance CO purchased a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $622,000. Canal Insurance CO owned approximately 0.07% of Nano Nuclear Energy as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in Nano Nuclear Energy during the third quarter valued at about $25,000. Barclays PLC purchased a new position in Nano Nuclear Energy in the 3rd quarter worth approximately $76,000. Fulton Bank N.A. bought a new position in Nano Nuclear Energy in the 4th quarter worth approximately $213,000. XTX Topco Ltd purchased a new stake in Nano Nuclear Energy during the 3rd quarter valued at approximately $305,000. Finally, SG Americas Securities LLC purchased a new position in shares of Nano Nuclear Energy in the fourth quarter worth $345,000.

Wall Street Analyst Weigh In

NNE has been the subject of several research analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. Benchmark lifted their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Nano Nuclear Energy Stock Performance

Shares of NNE opened at $33.26 on Tuesday. Nano Nuclear Energy Inc. has a fifty-two week low of $3.25 and a fifty-two week high of $48.05. The company’s fifty day moving average is $26.95 and its 200 day moving average is $19.31.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.08. As a group, sell-side analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Nano Nuclear Energy Company Profile

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.