Nano Nuclear Energy Inc.’s Lock-Up Period To End on November 4th (NASDAQ:NNE)

Nano Nuclear Energy’s (NASDAQ:NNE) lock-up period is set to end on Monday, November 4th. Nano Nuclear Energy had issued 2,562,500 shares in its initial public offering on May 8th. The total size of the offering was $10,250,000 based on an initial share price of $4.00. After the end of Nano Nuclear Energy’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

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

Nano Nuclear Energy Stock Up 4.3 %

Shares of NNE stock opened at $19.18 on Monday. The business’s 50 day moving average is $14.17. Nano Nuclear Energy has a 12-month low of $3.25 and a 12-month high of $37.51.

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 Trading of Nano Nuclear Energy

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Commonwealth Equity Services LLC acquired a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,665 shares of the company’s stock, valued at approximately $250,000.

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.