Liquid Option Borrow Rates Rise, Aduro Hits 14.16%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 10h ago
0mins
Latest data shows the largest indicative borrow rate increases among liquid option names include: T-REX 2X LONG NVIDIA DAILY (NVDX) 12.01% +0.89, Aduro Clean Technologies Inc. (ADUR) 14.16% +0.73, Gemini Space Station, Inc. (GEMI) 21.18% +0.71, Direxion Daily S&P Bear (SPXS) 11.49% +0.64, Tradr 2X Long IREN Daily ETF (IREX) 21.73% +0.52, Logitech (LOGI) 0.80% +0.44, TSLR ETF (TSLR) 6.18% +0.25, ProShares UltraPro Short S&P 500 (SPXU) 15.39% +0.24, - USA Rare Earth Inc (USAR) 22.11% +0.20, and Northern Dynasty (NAK) 1.18% +0.19.
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Analyst Views on ADUR
About ADUR
Aduro Clean Technologies Inc. is a Canada-based clean technology company. The Company is a developer of 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. Its chemical recycling platform features three water-based technologies, such as Hydrochemolytic Plastics Upcycling (HPU), Hydrochemolytic Renewables Upgrading (HRU) and Hydrochemolytic Bitumen Upgrading (HBU). Its Plastics Upcycling application converts waste plastics into feedstocks for producing new plastics or hydrocarbon fuels. Its HRU transform renewable oils into renewable motor fuels, sustainable aviation fuel (SAF), and specialty chemicals in scalable formats that can be integrated straightforwardly into existing operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Aduro Selects Netherlands for First Industrial Facility
- Site Selection: Aduro Clean Technologies has chosen Chemelot Industrial Park in Sittard-Geleen, Netherlands, for its first industrial-scale facility, marking a crucial transition from pilot work to commercial operations, which is expected to significantly enhance its market position in plastic recycling.
- Technological Innovation: The facility will utilize Aduro's Hydrochemolytic technology to chemically recycle waste plastics into higher-value products, with an initial processing capacity of 10,000 tonnes per year and potential for phased expansion as operations stabilize, driving future growth.
- Infrastructure Advantages: Chemelot offers shared utilities, centralized wastewater treatment, and established safety and permitting frameworks, reducing development friction for industrial projects and ensuring smooth implementation of Aduro's expansion plans.
- Financial Performance: Aduro's recent earnings report indicates a 222% year-over-year revenue increase to CAD 122,706 for the second fiscal quarter, although wider losses were reported due to increased spending related to scaling up, reflecting financial pressures during rapid expansion.
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Aduro Clean Technologies Reports Q2 Loss of C$0.21 per Share Despite 200% Revenue Growth
- Earnings Report: Aduro Clean Technologies reported a Q2 GAAP loss of C$0.21 per share, missing expectations by C$0.09, indicating ongoing challenges in achieving profitability.
- Revenue Surge: Despite the loss, the company achieved revenue of C$0.12 million, reflecting a remarkable 200% year-over-year growth, showcasing strong potential in the clean technology sector.
- Funding Initiative: The company has announced a C$20 million underwritten public offering aimed at providing financial support for future expansion and R&D, thereby enhancing its competitive position in the market.
- Market Sentiment: Although revenue has significantly increased, investor concerns regarding the ongoing losses may pressure the stock price, leading to a cautious market sentiment.
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