Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Down – Should You Sell?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares gapped down before the market opened on Monday . The stock had previously closed at $33.60, but opened at $29.98. Nano Nuclear Energy shares last traded at $28.00, with a volume of 1,554,998 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NNE. Benchmark upped their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. 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.

Nano Nuclear Energy Trading Down 25.8 %

The company has a 50 day simple moving average of $19.06 and a 200 day simple moving average of $14.60.

Institutional Investors Weigh In On Nano Nuclear Energy

A number of hedge funds have recently modified their holdings of NNE. Commonwealth Equity Services LLC acquired a new stake in shares of Nano Nuclear Energy in the second quarter valued at approximately $250,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Nano Nuclear Energy in the 2nd quarter worth $2,016,000. State Street Corp acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter valued at about $718,000. XTX Topco Ltd purchased a new stake in shares of Nano Nuclear Energy in the third quarter valued at about $305,000. Finally, Barclays PLC acquired a new stake in Nano Nuclear Energy during the third quarter worth about $76,000.

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.