Nano Nuclear Energy (NASDAQ:NNE) Shares Down 8.6% – Here’s Why

by · The Cerbat Gem

Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report) traded down 8.6% on Monday . The company traded as low as $20.75 and last traded at $20.86. 1,940,147 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 3,023,344 shares. The stock had previously closed at $22.82.

Analysts Set New Price Targets

A number of research analysts recently commented on NNE shares. HC Wainwright started coverage on Nano Nuclear Energy in a research note on Wednesday, October 30th. They issued a “buy” rating and a $50.00 price target for the company. Benchmark raised their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a report on Thursday.

Check Out Our Latest Analysis on NNE

Nano Nuclear Energy Trading Down 6.7 %

The firm’s 50 day simple moving average is $16.03.

Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter. As a group, equities analysts predict that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current fiscal year.

Institutional Trading of 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 shares of Nano Nuclear Energy Inc. (NASDAQ:NNE – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,665 shares of the company’s stock, valued at approximately $250,000.

Nano Nuclear Energy Company Profile

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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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