Nano Nuclear Energy (NASDAQ:NNE) Shares Up 3.1% – Here’s What Happened

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) rose 3.1% on Friday . The stock traded as high as $24.30 and last traded at $23.81. Approximately 1,022,306 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 3,353,429 shares. The stock had previously closed at $23.10.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, November 27th. 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 report on Thursday, November 7th.

Nano Nuclear Energy Trading Up 3.6 %

The company has a fifty day simple moving average of $22.36 and a 200-day simple moving average of $16.57.

Institutional Inflows and Outflows

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