Nano Nuclear Energy (NASDAQ:NNE) Trading Down 5.6% – Should You Sell?

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) dropped 5.6% on Monday . The stock traded as low as $18.20 and last traded at $18.30. Approximately 2,485,048 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 2,411,006 shares. The stock had previously closed at $19.39.

Analyst Upgrades and Downgrades

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

Nano Nuclear Energy Trading Down 0.4 %

The business’s 50-day moving average price is $11.34.

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

Institutional Investors Weigh In On Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI purchased a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 86,000 shares of the company’s stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned about 0.30% of Nano Nuclear Energy at the end of the most recent quarter.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy Inc is an emerging, advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified and vertically integrated company across business lines cutting edge portable microreactor technology, nuclear fuel fabrication, nuclear fuel transportation and nuclear industry consulting services.