Nano Nuclear Energy (NASDAQ:NNE) Trading 3.1% Higher – Should You Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shot up 3.1% on Friday . The stock traded as high as $24.30 and last traded at $23.81. 1,022,306 shares were traded during mid-day trading, a decline of 70% from the average session volume of 3,353,429 shares. The stock had previously closed at $23.10.

Analyst Upgrades and Downgrades

NNE has been the topic of a number of recent analyst reports. HC Wainwright reiterated a “buy” rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. Benchmark lifted their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Nano Nuclear Energy Stock Up 3.6 %

The stock’s 50 day moving average price is $22.36 and its two-hundred day moving average price is $16.57.

Institutional Trading of Nano Nuclear Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC acquired a new position in shares of Nano Nuclear Energy during the third quarter valued at approximately $76,000. Commonwealth Equity Services LLC acquired a new stake in Nano Nuclear Energy during the 2nd quarter worth $250,000. XTX Topco Ltd purchased a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $305,000. State Street Corp purchased a new position in Nano Nuclear Energy during the third quarter worth about $718,000. Finally, Virtu Financial LLC purchased a new position in Nano Nuclear Energy in the third quarter worth approximately $933,000.

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.