Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 8.5% After Analyst Upgrade

Nano Nuclear Energy Inc. (NASDAQ:NNE) shot up 8.5% on Thursday after Benchmark raised their price target on the stock from $39.00 to $66.00. Benchmark currently has a buy rating on the stock. Nano Nuclear Energy traded as high as $20.88 and last traded at $20.67. 1,814,614 shares were traded during mid-day trading, a decline of 39% from the average session volume of 2,983,300 shares. The stock had previously closed at $19.05.

Separately, HC Wainwright began coverage on shares of Nano Nuclear Energy in a research note on Wednesday, October 30th. They issued a “buy” rating and a $50.00 price objective on the stock.

Institutional Investors Weigh In On Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Commonwealth Equity Services LLC purchased a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,665 shares of the company’s stock, valued at approximately $250,000.

Nano Nuclear Energy Trading Up 12.3 %

The firm has a fifty day moving average price of $15.56.

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

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.