Aduro Clean Technologies (NASDAQ:ADUR) Trading Up 5.9% – Should You Buy?

Aduro Clean Technologies Inc. (NASDAQ:ADUR) was up 5.9% during mid-day trading on Tuesday . The company traded as high as $14.11 and last traded at $13.93. Approximately 389,974 shares were traded during mid-day trading, an increase of 102% from the average daily volume of 192,952 shares. The stock had previously closed at $13.16.

Wall Street Analysts Forecast Growth

Separately, D. Boral Capital restated a “buy” rating and issued a $48.00 price target on shares of Aduro Clean Technologies in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Aduro Clean Technologies currently has an average rating of “Buy” and an average price target of $48.00.

Aduro Clean Technologies Trading Up 5.9%

The company has a market cap of $426.68 million and a price-to-earnings ratio of -43.53. The stock’s 50-day moving average is $11.47 and its 200-day moving average is $8.30.

Institutional Trading of Aduro Clean Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Simplex Trading LLC bought a new stake in Aduro Clean Technologies during the 2nd quarter valued at $40,000. Raymond James Financial Inc. bought a new stake in Aduro Clean Technologies during the 2nd quarter valued at $44,000. Geode Capital Management LLC bought a new stake in shares of Aduro Clean Technologies in the 2nd quarter worth $172,000. NewEdge Advisors LLC grew its stake in shares of Aduro Clean Technologies by 21,000.0% in the 2nd quarter. NewEdge Advisors LLC now owns 21,100 shares of the company’s stock worth $189,000 after acquiring an additional 21,000 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Aduro Clean Technologies in the 4th quarter worth $139,000.

About Aduro Clean Technologies

Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil and transform renewable oils into higher-value fuels or renewable chemicals. Aduro Clean Technologies is based in LONDON, Ontario.