Van ECK Associates Corp Invests $11.31 Million in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Van ECK Associates Corp acquired a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 454,353 shares of the company’s stock, valued at approximately $11,311,000. Van ECK Associates Corp owned approximately 1.24% of Nano Nuclear Energy as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC acquired a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at $321,000. Powell Investment Advisors LLC acquired a new stake in Nano Nuclear Energy during the fourth quarter valued at $602,000. Newbridge Financial Services Group Inc. purchased a new position in Nano Nuclear Energy in the fourth quarter valued at about $200,000. Financial Advocates Investment Management acquired a new position in Nano Nuclear Energy in the 4th quarter worth about $219,000. Finally, Caprock Group LLC purchased a new stake in shares of Nano Nuclear Energy during the 4th quarter worth about $874,000.

Nano Nuclear Energy Stock Down 3.7 %

Shares of NASDAQ:NNE opened at $32.49 on Friday. The business has a 50-day moving average of $29.55 and a two-hundred day moving average of $21.00. Nano Nuclear Energy Inc. has a fifty-two week low of $3.25 and a fifty-two week high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE) last posted its earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.09. On average, equities analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NNE shares. 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, January 29th. Benchmark increased their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.

Nano Nuclear Energy Profile

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.