Aduro Clean Technologies (NASDAQ:ADUR) Trading 4.7% Higher - Time to Buy?

Aduro Clean Technologies Inc. (NASDAQ:ADUR - Get Free Report)'s share price shot up 4.7% during trading on Wednesday . The stock traded as high as $10.86 and last traded at $10.80. 338,598 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 318,584 shares. The stock had previously closed at $10.32.

Wall Street Analyst Weigh In

Separately, D. Boral Capital decreased their price target on Aduro Clean Technologies from $50.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, June 11th.

Aduro Clean Technologies Stock Performance

The business has a 50-day moving average of $8.58 and a 200-day moving average of $6.42. The stock has a market capitalization of $330.47 million and a price-to-earnings ratio of -46.48.

Institutional Investors Weigh In On Aduro Clean Technologies

An institutional investor recently bought a new position in Aduro Clean Technologies stock. Citadel Advisors LLC bought a new stake in shares of Aduro Clean Technologies Inc. (NASDAQ:ADUR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 22,278 shares of the company's stock, valued at approximately $139,000. Citadel Advisors LLC owned 0.08% of Aduro Clean Technologies as of its most recent SEC filing.

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.