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Barchart
Barchart
Larry Ramer

Nano Nuclear Stock Looks Very Risky Despite Its Recent Acquisition

NANO Nuclear NANO nne James Walker ARES

Shares of Nano Nuclear (NNE) rallied on May 26 after the company announced that it had bought Secured Transportation Services, which specializes in logistics and transportation for the nuclear energy sector. While the up to $13 million cash-and-stock deal could meaningfully reduce Nano Nuclear's costs over the longer term by moving more operations in-house, there are multiple reasons why NNE stock looks like a risky investment at this point.

Let's take a closer look.

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