Nano Nuclear Energy Target of Unusually Large Options Trading (NASDAQ:NNE)

Nano Nuclear Energy Inc. (NASDAQ:NNE) was the recipient of some unusual options trading on Monday. Stock traders bought 15,758 call options on the company. This is an increase of approximately 73% compared to the average volume of 9,097 call options.

Nano Nuclear Energy Stock Up 0.4 %

Nano Nuclear Energy stock opened at $26.02 on Wednesday. Nano Nuclear Energy has a fifty-two week low of $3.25 and a fifty-two week high of $37.51. The company has a 50 day moving average price of $19.57 and a 200-day moving average price of $14.90.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Benchmark increased their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. HC Wainwright initiated coverage on shares of Nano Nuclear Energy in a report on Wednesday, October 30th. They issued a “buy” rating and a $50.00 price target on the stock.

Institutional Investors Weigh In On Nano Nuclear Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Nano Nuclear Energy during the 3rd quarter worth $933,000. Barclays PLC bought a new position in Nano Nuclear Energy during the 3rd quarter worth about $76,000. Geode Capital Management LLC purchased a new position in Nano Nuclear Energy during the 3rd quarter valued at about $954,000. XTX Topco Ltd bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at about $305,000. Finally, State Street Corp purchased a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $718,000.

About Nano Nuclear Energy

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.