Aduro Clean Technologies Inc. (NASDAQ:ADUR – Get Free Report) traded up 6.7% during mid-day trading on Friday . The stock traded as high as $15.05 and last traded at $15.3730. 107,471 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 425,496 shares. The stock had previously closed at $14.41.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on ADUR shares. LADENBURG THALM/SH SH raised shares of Aduro Clean Technologies to a “strong-buy” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aduro Clean Technologies in a report on Monday, April 20th. D. Boral Capital restated a “buy” rating and issued a $46.00 target price on shares of Aduro Clean Technologies in a research report on Friday, April 10th. Finally, Wall Street Zen raised shares of Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 31st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.00.
Get Our Latest Stock Report on ADUR
Aduro Clean Technologies Trading Up 8.8%
Institutional Trading of Aduro Clean Technologies
Several large investors have recently added to or reduced their stakes in ADUR. Empery Asset Management LP purchased a new stake in Aduro Clean Technologies during the 4th quarter valued at approximately $5,916,000. Perigon Wealth Management LLC purchased a new position in shares of Aduro Clean Technologies during the fourth quarter worth approximately $125,000. NewEdge Advisors LLC increased its stake in shares of Aduro Clean Technologies by 5.1% during the fourth quarter. NewEdge Advisors LLC now owns 33,344 shares of the company’s stock valued at $345,000 after buying an additional 1,604 shares during the period. Engineers Gate Manager LP bought a new position in shares of Aduro Clean Technologies during the fourth quarter valued at approximately $159,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of Aduro Clean Technologies in the 3rd quarter valued at $164,000.
Aduro Clean Technologies Company Profile
Aduro Clean Technologies, Inc is a development‐stage clean energy company that designs, develops and seeks to commercialize modular process systems for the production and purification of hydrogen. Listed on the Nasdaq under the ticker ADUR, the company focuses on low‐emission solutions to support the emerging hydrogen economy, including renewable fuel applications, energy storage and industrial gas supply. Aduro Clean Technologies aims to address the growing demand for high‐purity hydrogen across mobility, power generation and chemical processing sectors.
The company’s core technologies include its H2-Conductor platform, a membrane‐based system engineered to separate and purify hydrogen from mixed gas streams, and its H2-Integrate suite of modular reactors capable of producing hydrogen from various feedstocks.
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