Why Nano Nuclear Energy Stock Collapsed 26.6% Last Month
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Shares of Nano Nuclear Energy (NASDAQ: NNE) slipped a sharp 26.5% in the month of December, according to data from S&P Global Market Intelligence. A nuclear energy research company focused on building microreactors, Nano Nuclear Energy is still not generating any revenue and burning a significant amount of cash, which has investors nervous about the business. It is riding high on the nuclear energy renaissance, but some of the excitement has dissipated from this sector in recent months.Here's why Nano Nuclear Energy stock declined in December, and whether you should consider buying shares today. Management for Nano Nuclear talks a big game. It has plans to build tiny microreactors for nuclear energy, is working on energy-fuel transportation, Uranium enrichment, and is even studying the feasibility of utilizing microreactors in space. It regularly issues press releases regarding the acquisition of licenses and partnerships with colleges and the U.S. Department of Energy. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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