Nano Nuclear Falls After Short Report Calls Company's Timelines 'Laughable,' Goals 'Out Of Touch With Reality'

Quick Summary:

What Happened: Hunterbrook, a hedge fund that doubles as an investigative news organization, released a report on Nano Nuclear Friday morning.

Nano Nuclear Energy Inc (NASDAQ:NNE) went public in May and has since accrued a market capitalization of over $500 million.

The company’s share price has risen over 200% since its IPO, but dropped on Friday morning after a short report alleged several operational incongruencies.

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Article Details

Author / Journalist: Hayden Buckfire

Category: Technology

Markets: United States

Topics: Hunterbrook Top Stories Benzinga NNE Expert Ideas Short Ideas Stories That Matter Movers Nuclear Trading Ideas Tech Short Reports Nuclear energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 15:41:46 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 347 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21685252

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