Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Up – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNEGet Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $23.09, but opened at $25.00. Nano Nuclear Energy shares last traded at $23.82, with a volume of 731,416 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NNE shares. Benchmark boosted their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. HC Wainwright started coverage on shares of Nano Nuclear Energy in a report on Wednesday, October 30th. They set a “buy” rating and a $50.00 target price on the stock.

Check Out Our Latest Stock Report on Nano Nuclear Energy

Nano Nuclear Energy Trading Up 1.1 %

The business has a fifty day simple moving average of $16.85.

Nano Nuclear Energy (NASDAQ:NNEGet Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter. Equities research analysts forecast that Nano Nuclear Energy Inc. will post -0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Nano Nuclear Energy

An institutional investor recently raised its position in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI raised its stake in Nano Nuclear Energy Inc. (NASDAQ:NNEFree Report) by 747.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 729,000 shares of the company’s stock after purchasing an additional 643,000 shares during the period. Citizens Financial Group Inc. RI owned 2.26% of Nano Nuclear Energy worth $10,505,000 at the end of the most recent quarter.

Nano Nuclear Energy Company Profile

(Get Free Report)

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.

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