Nano Nuclear Energy (NASDAQ:NNE) Trading 4.7% Higher – Should You Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE) rose 4.7% on Friday . The stock traded as high as $21.09 and last traded at $20.47. Approximately 1,480,661 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 2,979,906 shares. The stock had previously closed at $19.56.

Analyst Upgrades and Downgrades

NNE has been the subject of a number of analyst reports. HC Wainwright initiated coverage on Nano Nuclear Energy in a report on Wednesday. They issued a “buy” rating and a $50.00 price target for the company. Benchmark reissued a “buy” rating and issued a $39.00 price target on shares of Nano Nuclear Energy in a report on Monday, July 15th.

Nano Nuclear Energy Price Performance

The stock has a fifty day moving average of $14.94.

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

Institutional Trading of Nano Nuclear Energy

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI bought a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 86,000 shares of the company’s stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned 0.30% of Nano Nuclear Energy at the end of the most recent reporting period.

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.