Aduro Clean Technologies Inc.’s Lock-Up Period To Expire on May 6th (NASDAQ:ADUR)

Aduro Clean Technologies’ (NASDAQ:ADUR) lock-up period will expire on Tuesday, May 6th. Aduro Clean Technologies had issued 941,177 shares in its public offering on November 7th. The total size of the offering was $4,000,002 based on an initial share price of $4.25. After the expiration of Aduro Clean Technologies’ lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

Separately, D. Boral Capital reissued a “buy” rating and issued a $50.00 price objective on shares of Aduro Clean Technologies in a research report on Thursday, April 17th.

Aduro Clean Technologies Trading Up 7.4 %

Shares of NASDAQ:ADUR opened at $5.55 on Friday. The business has a 50 day moving average price of $4.83. Aduro Clean Technologies has a 52-week low of $2.86 and a 52-week high of $7.00.

Institutional Investors Weigh In On Aduro Clean Technologies

An institutional investor recently bought a new position in Aduro Clean Technologies stock. Citadel Advisors LLC acquired a new position in Aduro Clean Technologies Inc. (NASDAQ:ADUR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,278 shares of the company’s stock, valued at approximately $139,000. Citadel Advisors LLC owned 0.08% of Aduro Clean Technologies at the end of the most recent reporting period.

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.