Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report) shot up 2.6% on Tuesday . The company traded as high as $17.90 and last traded at $17.23. 897,520 shares changed hands during trading, a decline of 70% from the average session volume of 2,987,222 shares. The stock had previously closed at $16.80.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on NNE shares. HC Wainwright started coverage on Nano Nuclear Energy in a research report on Wednesday, October 30th. They set a “buy” rating and a $50.00 target price on the stock. Benchmark reaffirmed a “buy” rating and set a $39.00 price target on shares of Nano Nuclear Energy in a research note on Monday, July 15th.
Read Our Latest Stock Analysis on Nano Nuclear Energy
Nano Nuclear Energy Stock Up 6.5 %
Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) earnings per share for the quarter. As a group, research analysts anticipate that Nano Nuclear Energy Inc. will post -0.46 EPS for the current year.
Institutional Investors Weigh In On Nano Nuclear Energy
A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI bought a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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.
Nano Nuclear Energy Company Profile
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.
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