Nano Nuclear Energy (NASDAQ:NNE) Trading 1.5% Higher – Should You Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares traded up 1.5% on Friday . The stock traded as high as $33.00 and last traded at $29.68. 3,969,951 shares changed hands during trading, an increase of 25% from the average session volume of 3,170,094 shares. The stock had previously closed at $29.25.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Benchmark boosted their price objective 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 began coverage on Nano Nuclear Energy in a report on Wednesday, October 30th. They set a “buy” rating and a $50.00 price target on the stock.

Nano Nuclear Energy Stock Up 14.9 %

The firm’s fifty day moving average is $19.06 and its two-hundred day moving average is $14.53.

Institutional Investors Weigh In On Nano Nuclear Energy

A number of large investors have recently modified their holdings of the stock. Citizens Financial Group Inc. RI raised 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 worth $10,505,000 after purchasing 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 bought a new position in shares of Nano Nuclear Energy in the 3rd quarter worth about $933,000. State Street Corp purchased a new position in Nano Nuclear Energy during the 3rd quarter valued at about $718,000. Finally, XTX Topco Ltd bought a new stake in Nano Nuclear Energy during the third quarter worth about $305,000.

Nano Nuclear Energy Company Profile

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.