Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Up – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares gapped up before the market opened on Tuesday . The stock had previously closed at $20.39, but opened at $21.85. Nano Nuclear Energy shares last traded at $21.34, with a volume of 798,518 shares trading hands.

Analyst Upgrades and Downgrades

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

Nano Nuclear Energy Trading Up 6.7 %

The stock has a fifty day simple moving average of $25.37 and a 200-day simple moving average of $19.04.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.08. On average, sell-side analysts expect that Nano Nuclear Energy Inc. will post -0.46 EPS for the current year.

Institutional Trading of Nano Nuclear Energy

Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in shares of Nano Nuclear Energy during the third quarter worth $25,000. Barclays PLC acquired a new stake in Nano Nuclear Energy during the 3rd quarter worth about $76,000. Fulton Bank N.A. bought a new position in shares of Nano Nuclear Energy in the 4th quarter worth about $213,000. Commonwealth Equity Services LLC acquired a new position in shares of Nano Nuclear Energy in the 2nd quarter valued at about $250,000. Finally, XTX Topco Ltd bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at 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.