Nano Nuclear Energy (NASDAQ:NNE) Shares Down 5.1% – Time to Sell?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price fell 5.1% on Wednesday . The stock traded as low as $22.02 and last traded at $22.16. 1,179,179 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 3,346,872 shares. The stock had previously closed at $23.35.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NNE. HC Wainwright reiterated a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report 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 report on Thursday, November 7th.

Nano Nuclear Energy Trading Up 8.0 %

The firm has a 50-day moving average price of $22.36 and a 200 day moving average price of $16.57.

Institutional Trading of Nano Nuclear Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Citizens Financial Group Inc. RI boosted its stake in shares of Nano Nuclear Energy by 747.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after purchasing an additional 643,000 shares in the last quarter. Geode Capital Management LLC bought a new position in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $954,000. Virtu Financial LLC purchased a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at approximately $933,000. State Street Corp bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at $718,000. Finally, XTX Topco Ltd bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at $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.