Nano Nuclear Energy (NASDAQ:NNE) Trading 2.9% Higher – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price traded up 2.9% during mid-day trading on Thursday . The company traded as high as $27.32 and last traded at $26.77. 4,198,389 shares changed hands during trading, an increase of 27% from the average session volume of 3,311,204 shares. The stock had previously closed at $26.02.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NNE shares. HC Wainwright reiterated a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday. Benchmark raised their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

Nano Nuclear Energy Trading Up 2.9 %

The stock’s 50-day moving average is $19.88 and its 200-day moving average is $14.98.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NNE. Barclays PLC acquired a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at $76,000. Commonwealth Equity Services LLC bought a new position in Nano Nuclear Energy in the second quarter valued at about $250,000. XTX Topco Ltd acquired a new stake in shares of Nano Nuclear Energy during the third quarter valued at about $305,000. State Street Corp bought a new stake in shares of Nano Nuclear Energy during the third quarter worth about $718,000. Finally, Virtu Financial LLC acquired a new position in shares of Nano Nuclear Energy in the third quarter valued at approximately $933,000.

Nano Nuclear Energy Company Profile

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.