Nano Nuclear Energy (NASDAQ:NNE) Sees Large Volume Increase – Here’s What Happened

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) saw unusually-high trading volume on Tuesday . Approximately 3,368,486 shares traded hands during mid-day trading, an increase of 11% from the previous session’s volume of 3,042,098 shares.The stock last traded at $23.58 and had previously closed at $21.60.

Analyst Upgrades and Downgrades

NNE has been the topic of several research reports. Benchmark lifted 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 assumed coverage on shares of Nano Nuclear Energy in a research note on Wednesday, October 30th. They set a “buy” rating and a $50.00 price objective for the company.

Nano Nuclear Energy Stock Performance

The firm has a 50-day moving average price of $16.26.

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

Institutional Investors Weigh In On Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Commonwealth Equity Services LLC acquired a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,665 shares of the company’s stock, valued at approximately $250,000.

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.