Nano Nuclear Energy Target of Unusually Large Options Trading (NASDAQ:NNE)

Nano Nuclear Energy Inc. (NASDAQ:NNE) was the target of unusually large options trading activity on Monday. Stock traders bought 15,758 call options on the stock. This represents an increase of 73% compared to the typical daily volume of 9,097 call options.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NNE shares. Benchmark upped their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. HC Wainwright initiated coverage on Nano Nuclear Energy in a research report on Wednesday, October 30th. They issued a “buy” rating and a $50.00 price objective on the stock.

Nano Nuclear Energy Stock Down 22.9 %

Shares of NNE stock opened at $25.91 on Tuesday. The company has a 50 day moving average price of $19.30 and a 200 day moving average price of $14.75. Nano Nuclear Energy has a one year low of $3.25 and a one year high of $37.51.

Institutional Trading of Nano Nuclear Energy

A number of institutional investors and hedge funds have recently made changes to their positions in NNE. Virtu Financial LLC purchased a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth about $933,000. Barclays PLC acquired a new position in Nano Nuclear Energy during the third quarter valued at approximately $76,000. Geode Capital Management LLC purchased a new stake in Nano Nuclear Energy during the third quarter worth approximately $954,000. XTX Topco Ltd purchased a new stake in Nano Nuclear Energy during the third quarter worth approximately $305,000. Finally, State Street Corp acquired a new stake in shares of Nano Nuclear Energy in the third quarter worth $718,000.

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.