Barclays PLC Makes New Investment in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Barclays PLC bought a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,304 shares of the company’s stock, valued at approximately $76,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NNE. Commonwealth Equity Services LLC acquired a new stake in Nano Nuclear Energy in the second quarter worth approximately $250,000. XTX Topco Ltd acquired a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at about $305,000. State Street Corp acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth $718,000. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of Nano Nuclear Energy during the 2nd quarter worth about $2,016,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Benchmark raised their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. HC Wainwright reissued a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a report on Wednesday, November 27th.

Nano Nuclear Energy Trading Down 11.2 %

Shares of NNE stock opened at $26.84 on Friday. Nano Nuclear Energy Inc. has a 12 month low of $3.25 and a 12 month high of $37.51. The stock has a 50-day moving average price of $25.17 and a 200 day moving average price of $19.08.

Nano Nuclear Energy (NASDAQ:NNE) last issued its earnings results on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.08. Equities analysts forecast that Nano Nuclear Energy Inc. will post -0.46 EPS for the current fiscal year.

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.