Nano Nuclear Energy (NASDAQ:NNE) Trading Up 15.1% – Still a Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares were up 15.1% during mid-day trading on Friday . The company traded as high as $22.31 and last traded at $21.56. Approximately 3,154,563 shares were traded during mid-day trading, an increase of 22% from the average daily volume of 2,580,559 shares. The stock had previously closed at $18.73.

Analyst Ratings Changes

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

Nano Nuclear Energy Price Performance

The stock’s fifty day simple moving average is $12.79.

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

Institutional Trading of Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Commonwealth Equity Services LLC acquired a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,665 shares of the company’s stock, valued at approximately $250,000.

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.