Nano Nuclear Energy Inc. (NASDAQ: NNE) – Time For Strategy Change?

Nano Nuclear Energy Inc. (NASDAQ:NNE) currently has a daily average trading volume of 2.60M but it saw 1869400 shares traded in last market. With a market cap of 319.08M USD, the company’s current market price of $10.59 came falling about -3.38 while comparing to the previous closing price of $10.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $37.51 and as low as $3.25. In the recent trading on the day, stock has struck highest price mark of $10.35 while lowest mark touched by it was $11.87.

Taking a look at 20-day trading activity of Nano Nuclear Energy Inc. (NNE) gives us an average price of $10.34, while its current price level is -71.77% below from 52-week high level whereas it is 225.85% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $12.28. A closer look into the stock’s movement over the week reveals that its volatility is standing at 25.48% during that period while stretching the period over a month that decreases to 19.69%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 48.85 which implies that the stock is in neutral territory.

Over the week, NNE’s stock price is moving -9.49% down while it is -2.93% when we observe its performance for the past one month. Year-to-date it is 104.05% up and over the past year.

Currently, Nano Nuclear Energy Inc.’s total number of outstanding shares is 28.57M. Stock has a price to book (P/B) ratio of 23.62.