Nano Nuclear Energy (NASDAQ:NNE) Trading 2.4% Higher – Here’s Why

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price traded up 2.4% on Monday . The company traded as high as $25.98 and last traded at $25.80. 899,643 shares changed hands during trading, a decline of 73% from the average session volume of 3,373,122 shares. The stock had previously closed at $25.19.

Analyst Upgrades and Downgrades

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

Nano Nuclear Energy Stock Performance

The company has a 50 day simple moving average of $23.68 and a 200 day simple moving average of $17.78.

Hedge Funds Weigh In On Nano Nuclear Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC purchased a new position in Nano Nuclear Energy in the third quarter valued at about $76,000. Commonwealth Equity Services LLC acquired a new stake in shares of Nano Nuclear Energy in the second quarter valued at about $250,000. XTX Topco Ltd purchased a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at about $305,000. State Street Corp acquired a new position in Nano Nuclear Energy during the 3rd quarter worth approximately $718,000. Finally, Virtu Financial LLC purchased a new position in Nano Nuclear Energy in the 3rd quarter worth approximately $933,000.

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.