Nano Nuclear Energy (NASDAQ:NNE) Sees Large Volume Increase – Time to Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares saw strong trading volume on Wednesday . 2,694,323 shares traded hands during trading, a decline of 9% from the previous session’s volume of 2,952,335 shares.The stock last traded at $22.10 and had previously closed at $20.90.

Analyst Ratings Changes

Several research firms have commented on NNE. HC Wainwright assumed coverage on shares of Nano Nuclear Energy in a report on Wednesday. They set a “buy” rating and a $50.00 price target for the company. Benchmark reissued a “buy” rating and issued a $39.00 target price on shares of Nano Nuclear Energy in a report on Monday, July 15th.

Nano Nuclear Energy Stock Performance

The business’s 50 day moving average is $14.94.

Nano Nuclear Energy (NASDAQ:NNE) last posted its earnings results on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter.

Institutional Trading of Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI purchased a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 86,000 shares of the company’s stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned 0.30% of Nano Nuclear Energy as of its most recent SEC filing.

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.