Nano Nuclear Energy Sees Unusually High Options Volume (NASDAQ:NNE)

Nano Nuclear Energy Inc. (NASDAQ:NNE) was the target of some unusual options trading on Monday. Investors bought 15,758 call options on the stock. This represents an increase of 73% compared to the average volume of 9,097 call options.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NNE. HC Wainwright began coverage on shares of Nano Nuclear Energy in a report on Wednesday, October 30th. They set a “buy” rating and a $50.00 price objective for the company. Benchmark lifted their price target on shares of 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 Price Performance

NNE stock opened at $26.02 on Wednesday. The firm has a fifty day moving average price of $19.57 and a 200 day moving average price of $14.90. Nano Nuclear Energy has a fifty-two week low of $3.25 and a fifty-two week high of $37.51.

Institutional Inflows and Outflows

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

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.