Aduro Clean Technologies (ADUR) Shares Are Diving: What's Going On?

Aduro Clean Technologies Inc (NASDAQ:ADUR) shares are trading lower Tuesday morning as the stock trends across social media platforms. Here’s what investors need to know.

What To Know: The decline follows the pricing of an underwritten public offering. The offering includes 947,868 common shares, along with accompanying warrants to purchase 473,934 common shares. The combined public offering price per common share and accompanying half warrant is $8.44.

This offering is expected to generate gross proceeds of approximately $8 million for the clean technology company. Each whole warrant included in the offering has an exercise price of $10.13 per share and will expire three years from the date of issuance.

Aduro intends to allocate the net proceeds from this offering to ongoing research and development costs, expenditures related to the construction of its “Demonstration-Scale” plant, and for general corporate purposes and working capital.

Price Action: ADUR stock is down 19.4% to $7.99 Tuesday morning, according to data from Benzinga Pro.

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How To Buy ADUR Stock

By now you're likely curious about how to participate in the market for Aduro Clean Technologies – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Aduro Clean Technologies, which is trading at $7.99 as of publishing time, $100 would buy you 12.52 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, ADUR has a 52-week high of $11.97 and a 52-week low of $3.49.

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