Nano Nuclear Energy Inc (NASDAQ:NNE) shares are trading lower by 1.06% to $26.22 during Thursday's session. The company earlier announced it signed a Memorandum of Understanding (MOU) with the Togolese Republic to develop and deploy nuclear energy systems, marking its second African partnership after a previous collaboration with Rwanda.
What To Know: The agreement aims to enhance Togo's energy ecosystem through cutting-edge microreactors, such as NANO Nuclear's "ZEUS" and "ODIN," designed to power remote areas, industries and infrastructure without relying on the national grid.
Togolese President Faure Gnassingbé highlighted the collaboration's potential to bolster energy security, industrial growth and societal progress.
Under the MOU, NANO Nuclear will assess regional energy needs while Togo supports licensing and implementation. The partnership also emphasizes education, with plans for nuclear training programs and fostering local expertise. NANO Nuclear sees the agreement as pivotal in addressing energy challenges in emerging economies.
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How To Buy NNE Stock
By now you're likely curious about how to participate in the market for Nano Nuclear Energy – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Nano Nuclear Energy, which is trading at $25.84 as of publishing time, $100 would buy you 3.87 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, NNE has a 52-week high of $37.51 and a 52-week low of $3.25.
