Nano nuclear energy CEO James Walker sells $444,167 in shares

Nano Nuclear Energy Inc. (NNE) CEO James Walker has sold 25,000 shares of the company's common stock, amounting to $444,167, under a Rule 10b5-1 trading plan. The sale, which occurred on September 3, 2026, saw shares traded at prices between $17.5900 and $18.2000 per share. This transaction follows a decline in the stock's price by 8.3% over the past week, currently trading at $17.65, down 71% from its 52-week high of $60.87.

Despite the recent share sale, the company maintains a strong balance sheet with a current ratio of 79.18. NNE reported its fiscal second quarter of 2026 results, surpassing analysts' expectations with an adjusted earnings loss of $0.19 per share, significantly better than the anticipated loss of $0.68 per share. The company's revenue for the quarter was $210,000, including the first revenue from its STS acquisition, a fuel transportation company.

Benchmark reiterated a Buy rating on NANO Nuclear stock, maintaining a price target of $45, indicating a positive reception from investors.

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