Nano Nuclear Energy Shares Tumble Amid Analyst Downgrade
Nano Nuclear Energy's stock plummeted 18.9% this week after Ladenburg analyst Michael Legg downgraded the shares to sell and slashed the price target to $9. The abrupt reversal from July's buy rating and $51 target rattled investors, triggering a sell-off that lasted through Wednesday.
A brief reprieve came Thursday as the company advanced to the final round of the U.S. Army xTechSearch 9 competition. The military tech initiative recognizes innovative solutions for defense challenges, offering a glimmer of Optimism amid the stock's downward spiral.