Nano Nuclear Energy Inc.’s (NASDAQ:NNE) Lock-Up Period Set To Expire Tomorrow

Nano Nuclear Energy’s (NASDAQ:NNE) lock-up period will end on Monday, November 4th. Nano Nuclear Energy had issued 2,562,500 shares in its public offering on May 8th. The total size of the offering was $10,250,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. HC Wainwright started coverage on Nano Nuclear Energy in a research report on Wednesday. They set a “buy” rating and a $50.00 target price on the stock. Benchmark reiterated a “buy” rating and issued a $39.00 price objective on shares of Nano Nuclear Energy in a research report on Monday, July 15th.

Nano Nuclear Energy Stock Performance

Shares of Nano Nuclear Energy stock opened at $19.26 on Friday. Nano Nuclear Energy has a 52-week low of $3.25 and a 52-week high of $37.51. The firm has a fifty day simple moving average of $15.13.

Nano Nuclear Energy (NASDAQ:NNE) last posted its earnings results on Wednesday, August 14th. The company reported ($0.17) earnings per share for the quarter. Analysts expect that Nano Nuclear Energy will post -0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI purchased a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

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.