Nano Nuclear Energy (NASDAQ:NNE) Trading Up 15.1% – Still a Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price rose 15.1% during mid-day trading on Friday . The company traded as high as $22.31 and last traded at $21.56. Approximately 3,154,563 shares changed hands during mid-day trading, an increase of 22% from the average daily volume of 2,580,559 shares. The stock had previously closed at $18.73.

Analyst Ratings Changes

Separately, Benchmark restated a “buy” rating and set a $39.00 price objective on shares of Nano Nuclear Energy in a research note on Monday, July 15th.

Nano Nuclear Energy Stock Performance

The firm has a 50-day moving average of $12.56.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI purchased a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 86,000 shares of the company’s stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned about 0.30% of Nano Nuclear Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

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.