Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Down – Here’s Why

Nano Nuclear Energy Inc. (NASDAQ:NNE) gapped down before the market opened on Thursday . The stock had previously closed at $21.45, but opened at $19.57. Nano Nuclear Energy shares last traded at $18.84, with a volume of 1,932,690 shares trading hands.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “buy” rating and set a $39.00 price target on shares of Nano Nuclear Energy in a research report on Monday, July 15th.

Nano Nuclear Energy Trading Up 8.8 %

The company’s 50-day moving average price is $12.79.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter.

Institutional Investors Weigh In On Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI bought a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 86,000 shares of the company’s stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned approximately 0.30% of Nano Nuclear Energy at the end of the most recent quarter.

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.