Nano Nuclear Energy Inc.’s (NASDAQ:NNE) Quiet Period Will End Tomorrow

Nano Nuclear Energy’s (NASDAQ:NNEGet Free Report) quiet period will expire on Monday, June 17th. 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. During Nano Nuclear Energy’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

Separately, Benchmark began coverage on shares of Nano Nuclear Energy in a report on Friday. They set a “buy” rating and a $15.00 target price on the stock.

Read Our Latest Stock Analysis on Nano Nuclear Energy

Nano Nuclear Energy Stock Performance

Shares of NNE stock opened at $9.37 on Friday. Nano Nuclear Energy has a 52 week low of $3.25 and a 52 week high of $10.71.

Nano Nuclear Energy Company Profile

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NANO Nuclear Energy Inc is an emerging, advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified and vertically integrated company across business lines cutting edge portable microreactor technology, nuclear fuel fabrication, nuclear fuel transportation and nuclear industry consulting services.

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