Nano Nuclear Energy Inc. (NNE) shares experienced a significant surge, climbing by 13.7% to $14.78 during Monday’s trading session. This upward momentum was fueled by the company’s exciting announcement of the launch of NANO Nuclear Space, a new subsidiary dedicated to exploring the potential commercial applications of NANO’s cutting-edge micronuclear reactor technology in the vast expanse of space.
NANO Nuclear Space will focus on optimizing NANO’s existing reactor designs, including the innovative “ZEUS” solid core battery and the advanced “ODIN” low-pressure coolant reactor, for potential use in the cis-lunar space—the region between Earth and the Moon. The company envisions these technologies playing a pivotal role in supporting extraterrestrial power systems, enabling human habitation in space, and providing the necessary propulsion for long-distance space missions.
“Our new subsidiary will pioneer advanced nuclear systems for the growing space industry,” stated Jay Yu, the Founder of NANO Nuclear. CEO James Walker echoed this sentiment, emphasizing that space exploration holds the key to unlocking significant technological advancements that can ultimately improve life on Earth.
NANO Nuclear Space is determined to forge new partnerships and attract substantial funding to fuel its space-focused developments. The company recognizes the immense potential of its technology to contribute to the advancement of the burgeoning space industry.
How to Invest in NNE Stock
Investors interested in acquiring NNE stock can explore various options. Traditional brokerage platforms offer the opportunity to purchase individual shares or even fractional shares. Alternatively, investors can gain exposure to NNE through exchange-traded funds (ETFs) that hold NNE stock within their portfolio. Another avenue is through 401(k) plans, where investors can allocate funds towards strategies that aim to acquire shares in mutual funds or other financial instruments that include NNE.
For investors looking to gain broader exposure to the Industrials sector, which NNE belongs to, ETFs offer a convenient way to track the trends within this sector. These ETFs typically hold shares in numerous liquid and large companies within the Industrials sector, providing investors with diversified exposure to the industry’s overall performance.
According to data from Benzinga Pro, NNE stock has a 52-week high of $37.51 and a 52-week low of $3.25.
