Nano Nuclear Energy (NASDAQ:NNE) Price Target Raised to $66.00 at Benchmark

Nano Nuclear Energy (NASDAQ:NNE) had its target price hoisted by Benchmark from $39.00 to $66.00 in a report released on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, 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 for the company.

Nano Nuclear Energy Stock Up 5.2 %

NNE stock traded up $1.12 during midday trading on Thursday, hitting $22.82. 6,180,617 shares of the company traded hands, compared to its average volume of 3,031,583. Nano Nuclear Energy has a twelve month low of $3.25 and a twelve month high of $37.51. The firm’s 50 day simple moving average is $15.56.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter. As a group, equities analysts expect that Nano Nuclear Energy will post -0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Nano Nuclear Energy

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Commonwealth Equity Services LLC bought a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,665 shares of the company’s stock, valued at approximately $250,000.

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.