Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 6.9% – Time to Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price was up 6.9% on Friday . The stock traded as high as $19.84 and last traded at $19.65. Approximately 1,508,438 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 2,840,035 shares. The stock had previously closed at $18.39.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and issued a $39.00 price target on shares of Nano Nuclear Energy in a report on Monday, July 15th.

Nano Nuclear Energy Stock Up 4.3 %

The business’s 50 day moving average is $14.17.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Commonwealth Equity Services LLC acquired a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm 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.