Nano Nuclear Energy Inc.’s (NASDAQ:NNE) Lock-Up Period Set To End on November 4th

Nano Nuclear Energy’s (NASDAQ:NNE) lock-up period is set to expire on Monday, November 4th. Nano Nuclear Energy had issued 2,562,500 shares in its public offering on May 8th. The total size of the offering was $10,250,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

Several equities analysts recently commented on NNE shares. HC Wainwright started coverage on shares of Nano Nuclear Energy in a research report on Wednesday. They set a “buy” rating and a $50.00 price target for the company. Benchmark restated a “buy” rating and set a $39.00 price objective on shares of Nano Nuclear Energy in a report on Monday, July 15th.

Nano Nuclear Energy Price Performance

NNE opened at $19.56 on Friday. Nano Nuclear Energy has a 1 year low of $3.25 and a 1 year high of $37.51. The business’s 50 day simple moving average is $14.94.

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

Hedge Funds Weigh In On Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Commonwealth Equity Services LLC acquired a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund 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.