Nano Nuclear Energy (NASDAQ:NNE) Shares Down 5.1% – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares fell 5.1% during mid-day trading on Monday . The stock traded as low as $25.01 and last traded at $25.23. 1,569,969 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 3,339,925 shares. The stock had previously closed at $26.59.

Analyst Ratings Changes

NNE has been the subject of several recent analyst reports. HC Wainwright restated a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. Benchmark raised their price objective on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

Nano Nuclear Energy Trading Down 6.8 %

The firm’s 50 day moving average price is $21.75 and its two-hundred day moving average price is $16.19.

Institutional Investors Weigh In On Nano Nuclear Energy

Several institutional investors have recently made changes to their positions in NNE. Commonwealth Equity Services LLC acquired a new position in Nano Nuclear Energy during the second quarter worth $250,000. Citizens Financial Group Inc. RI acquired a new stake in Nano Nuclear Energy in the 2nd quarter valued at about $2,016,000. State Street Corp acquired a new position in Nano Nuclear Energy during the third quarter worth about $718,000. XTX Topco Ltd purchased a new stake in shares of Nano Nuclear Energy in the third quarter valued at about $305,000. Finally, Barclays PLC acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $76,000.

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.