Why Shares of Nano Nuclear Energy Stock Sank This Week
Shares of Nano Nuclear Energy (NASDAQ: NNE) sank 16% this week, according to data from S&P Global Market Intelligence. The nuclear energy start-up closed a private placement offering of common stock that will dilute shareholders, leading the stock to fall. Shares of the pre-revenue company are up 26% this year and up 500% since going public around one year ago.Here's why Nano Nuclear Energy stock was sinking this week, and whether the stock is a buy now.Nano Nuclear Energy wants to build -- as the name implies -- tiny and portable micro nuclear reactors. It filed six patents this week related to its proposed Zeus Microreactor, which is still in development from its engineering team.Continue reading
Shares of Nano Nuclear Energy (NASDAQ: NNE) sank 16% this week, according to data from S&P Global Market Intelligence. The nuclear energy start-up closed a private placement offering of common stock that will dilute shareholders, leading the stock to fall. Shares of the pre-revenue company are up 26% this year and up 500% since going public around one year ago.
Here's why Nano Nuclear Energy stock was sinking this week, and whether the stock is a buy now.
Nano Nuclear Energy wants to build -- as the name implies -- tiny and portable micro nuclear reactors. It filed six patents this week related to its proposed Zeus Microreactor, which is still in development from its engineering team.
