Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 3.6% – Still a Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares shot up 3.6% on Wednesday . The company traded as high as $19.48 and last traded at $18.53. 1,244,275 shares traded hands during trading, a decline of 58% from the average session volume of 2,982,416 shares. The stock had previously closed at $17.89.

Analyst Ratings Changes

NNE has been the subject of several research reports. Benchmark reissued a “buy” rating and issued a $39.00 price objective on shares of Nano Nuclear Energy in a research report on Monday, July 15th. HC Wainwright assumed coverage on Nano Nuclear Energy in a report on Wednesday, October 30th. They issued a “buy” rating and a $50.00 price target for the company.

Nano Nuclear Energy Stock Up 6.5 %

The company’s 50 day simple moving average is $15.56.

Nano Nuclear Energy (NASDAQ:NNE) last posted its earnings results on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter. As a group, analysts forecast that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI purchased a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 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 as of its most recent filing with the SEC.

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.