Nano Nuclear Energy Inc. (NASDAQ:NNE) shares, rose in value on Friday, October 11, with the stock price down by -1.52% to the previous day’s close as strong demand from buyers drove the stock to $17.42.
Actively observing the price movement in the recent trading, the stock is buoying the session at $17.69, falling within a range of $16.64 and $17.7271. Referring to stock’s 52-week performance, its high was $37.51, and the low was $3.25. On the whole, NNE has fluctuated by 48.91% over the past month.
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With the market capitalization of Nano Nuclear Energy Inc. currently standing at about $524.92 million, investors are eagerly awaiting this quarter’s results, scheduled for in November.
The price of NNE currently trading nearly 14.76% and 48.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.10, while the 7-day volatility ratio is showing 17.14% which for the 30-day chart, stands at 20.22%. Furthermore, Nano Nuclear Energy Inc. (NNE)’s average true range (ATR) is 2.44.
Data on historical trading for Nano Nuclear Energy Inc. (NASDAQ:NNE) indicates that the trading volumes over the past 10 days have averaged 3.98 and over the past 3 months, they’ve averaged 2.46 million. According to company’s latest data on outstanding shares, there are 28.57 million shares outstanding.
Nearly 43.03% of Nano Nuclear Energy Inc.’s shares belong to company insiders and institutional investors own 0.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.58 million shares as on 2024-09-30, resulting in a short ratio of 0.47. According to the data, the short interest in Nano Nuclear Energy Inc. (NNE) stood at 827.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 0.76 million. The stock has risen by 235.68% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NNE stock heading into the next quarter.
