Aduro Clean Technologies (NASDAQ:ADUR) Trading 8.9% Higher – Here’s What Happened

Shares of Aduro Clean Technologies Inc. (NASDAQ:ADUR) traded up 8.9% during trading on Wednesday . The company traded as high as $17.18 and last traded at $16.95. 274,982 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 259,366 shares. The stock had previously closed at $15.56.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Wednesday. D. Boral Capital reaffirmed a “buy” rating and issued a $48.00 price target on shares of Aduro Clean Technologies in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.00.

Aduro Clean Technologies Trading Up 8.9%

The business has a 50 day moving average of $12.31 and a 200-day moving average of $9.25. The firm has a market capitalization of $519.18 million and a P/E ratio of -52.97.

Institutional Trading of Aduro Clean Technologies

A number of large investors have recently bought and sold shares of the business. Diametric Capital LP bought a new stake in Aduro Clean Technologies during the 2nd quarter worth approximately $345,000. Copperleaf Capital LLC bought a new position in shares of Aduro Clean Technologies during the 2nd quarter worth approximately $233,000. NewEdge Advisors LLC grew its stake in shares of Aduro Clean Technologies by 21,000.0% during 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. Geode Capital Management LLC bought a new position in shares of Aduro Clean Technologies during the 2nd quarter worth approximately $172,000. Finally, Raymond James Financial Inc. bought a new position in shares of Aduro Clean Technologies during the 2nd quarter worth approximately $44,000.

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.