Aduro Clean Technologies (NASDAQ:ADUR) Receives "Buy" Rating from D. Boral Capital

Key Points

• Aduro Clean Technologies (NASDAQ:ADUR) received a "buy" rating from D. Boral Capital, with a target price of $48.00, indicating potential upside of 339.16% from the current price.
• The stock opened at $10.93 and has a market cap of $334.79 million, with a price-to-earnings ratio of -43.72 and a 52-week range of $3.49 to $12.40.

Aduro Clean Technologies (NASDAQ:ADUR - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at D. Boral Capital in a research report issued on Tuesday,Benzinga reports. They currently have a $48.00 target price on the stock. D. Boral Capital's price objective points to a potential upside of 339.16% from the stock's previous close.

Aduro Clean Technologies Stock Up 0.3%

Shares of ADUR stock opened at $10.93 on Tuesday. The firm has a market cap of $334.79 million and a price-to-earnings ratio of -43.72. The company's 50 day moving average is $10.72 and its 200 day moving average is $7.59. Aduro Clean Technologies has a 52-week low of $3.49 and a 52-week high of $12.40.

Institutional Investors Weigh In On Aduro Clean Technologies

A number of large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in shares of Aduro Clean Technologies during the second quarter valued at $44,000. NewEdge Advisors LLC raised its position in shares of Aduro Clean Technologies by 21,000.0% in the second quarter. NewEdge Advisors LLC now owns 21,100 shares of the company's stock worth $189,000 after acquiring an additional 21,000 shares during the period. Diametric Capital LP acquired a new position in shares of Aduro Clean Technologies during the 2nd quarter worth about $345,000. Copperleaf Capital LLC acquired a new position in shares of Aduro Clean Technologies during the 2nd quarter worth about $233,000. Finally, Geode Capital Management LLC acquired a new position in shares of Aduro Clean Technologies during the 2nd quarter worth about $172,000.

Aduro Clean Technologies Company Profile

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.

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