Sky Quarry (NASDAQ:SKYQ) Trading Down 4.4% – Should You Sell?

by · The Cerbat Gem

Sky Quarry Inc. (NASDAQ:SKYQ – Get Free Report) traded down 4.4% on Friday . The stock traded as low as $0.2705 and last traded at $0.2858. 143,939 shares were traded during trading, a decline of 79% from the average session volume of 687,922 shares. The stock had previously closed at $0.2988.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sky Quarry in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Read Our Latest Analysis on Sky Quarry

Sky Quarry Stock Performance

The firm has a fifty day moving average of $0.40 and a 200-day moving average of $0.52. The stock has a market capitalization of $7.08 million, a price-to-earnings ratio of -0.47 and a beta of -1.12.

Sky Quarry (NASDAQ:SKYQ – Get Free Report) last issued its earnings results on Friday, November 14th. The company reported ($0.17) earnings per share for the quarter. The company had revenue of $1.34 million during the quarter. Sky Quarry had a negative return on equity of 176.10% and a negative net margin of 82.54%.

Insider Buying and Selling

In other news, CEO David Sealock sold 100,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $0.35, for a total transaction of $35,000.00. Following the transaction, the chief executive officer directly owned 415,572 shares of the company’s stock, valued at approximately $145,450.20. The trade was a 19.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Valeria Vigas Sealock sold 1,124,800 shares of the company’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $0.43, for a total transaction of $483,664.00. Following the completion of the transaction, the chief executive officer owned 370,747 shares of the company’s stock, valued at $159,421.21. This trade represents a 75.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,574,800 shares of company stock worth $673,263 in the last quarter. Insiders own 7.20% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sky Quarry stock. JPMorgan Chase & Co. acquired a new stake in shares of Sky Quarry Inc. (NASDAQ:SKYQ – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,249,882 shares of the company’s stock, valued at approximately $1,387,000. JPMorgan Chase & Co. owned approximately 10.51% of Sky Quarry as of its most recent SEC filing.

About Sky Quarry

(Get Free Report)

We are an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. The recycling of asphalt shingles is expected to reduce the dependence on landfills for the removal of waste and to also reduce dependence on foreign and domestic virgin crude oil extraction for industrial uses. We have developed a process for separating oil from oily sands and other oil-bearing solids utilizing a proprietary solvent which we refer to as our ECOSolv technology or the ECOSolv process.

Read More