Nano Nuclear Energy (NASDAQ:NNE) Announces Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Nano Nuclear Energy (NASDAQ:NNE) issued its earnings results on Monday. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08, Zacks reports.

Nano Nuclear Energy Price Performance

Shares of NASDAQ:NNE opened at $24.83 on Tuesday. The stock has a 50 day moving average price of $24.10 and a 200-day moving average price of $18.34. Nano Nuclear Energy has a 52-week low of $3.25 and a 52-week high of $37.51.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NNE shares. Benchmark boosted their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. HC Wainwright reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a report on Wednesday, November 27th.

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.