NANO Nuclear Energy Inc. (NASDAQ: NNE) Stock Surges 38% After Latest News

If you are looking into those stocks that had made strong gains yesterday, there could be a number of options, but a notable one is the NANO Nuclear Energy Inc. (NASDAQ: NNE) stock. Following a major announcement, the stock recorded gains of 38% for the day.

NANO Nuclear Energy Appoints Former Chief Financial Officer of the U.S. Department of Energy John G. Vonglis as Chairman of its Executive Advisory Board for Strategic Initiatives

On October 16, the company announced that it had appointed its new Chairman of the Executive Advisory Board for Strategic Initiatives in the form of The Honorable John G. Vonglis. It was also noted that Vonglis had been the Chief Financial Officer of the United States Department of Energy (DOE) and also Acting Director of the DOE’s Advanced Research Projects Agency—Energy.

Key Information

Vonglis would add his considerable expertise and experience to a fast-expanding, bipartisan, and world-class executive advisory board. The board already boasts of highly accomplished and high-ranking political, scientific, and military leaders as its members.

Currently, the Executive Advisory Board is involved in helping NANO Nuclear Energy by using its collective professional and personal networks to link the company with important stakeholders in the industry. Other than stakeholders, the board is also engaged in connecting the company with possible clients and partners. The company went on to note in the news release that it was honored to have been able to welcome someone with Vonglis’ experience to the board.

Key Quote

“It is a pleasure to join NANO Nuclear’s advisory team and leverage my expertise in navigating a myriad of DOE and private energy-related projects to advance the development of the company’s microreactor and other nuclear technology solutions,” said John G. Vonglis, Chairman of the Executive Advisory Board for Strategic Initiatives of NANO Nuclear Energy. “During my time with the Department of Energy, I was exposed to numerous high-impact inventions, and I believe that technologies such as NANO Nuclear’s ‘ZEUS’ and ‘ODIN’ microreactors represent the innovative spirit of the United States at an important moment for nuclear energy.”

Technicals

+/- EMA(20)	16.24 (+32.08%)
+/- SMA(50)	12.31 (+74.25%)
+/- SMA(200)	12.73 (+68.50%)