Nano Nuclear Energy (NASDAQ:NNE) Stock Price Down 0.6% – Here’s Why

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) dropped 0.6% during trading on Wednesday . The company traded as low as $24.94 and last traded at $25.60. Approximately 2,393,213 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 3,358,989 shares. The stock had previously closed at $25.75.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Benchmark upped their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. HC Wainwright reissued a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a report on Wednesday, November 27th.

Nano Nuclear Energy Stock Up 0.7 %

The business’s fifty day moving average is $22.80 and its 200-day moving average is $17.11.

Institutional Trading of Nano Nuclear Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in Nano Nuclear Energy during the 3rd quarter valued at approximately $933,000. Citizens Financial Group Inc. RI bought a new stake in shares of Nano Nuclear Energy in the 2nd quarter valued at $2,016,000. Commonwealth Equity Services LLC acquired a new stake in shares of Nano Nuclear Energy during the second quarter worth $250,000. XTX Topco Ltd acquired a new stake in shares of Nano Nuclear Energy during the third quarter worth $305,000. Finally, Barclays PLC bought a new position in Nano Nuclear Energy during the third quarter worth $76,000.

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.