Sky Quarry (NASDAQ:SKYQ) Stock Price Up 2.6% – What’s Next?

Sky Quarry Inc. (NASDAQ:SKYQ)’s stock price was up 2.6% on Thursday . The stock traded as high as $0.64 and last traded at $0.60. Approximately 1,199,606 shares were traded during trading, a decline of 94% from the average daily volume of 19,499,108 shares. The stock had previously closed at $0.59.

Sky Quarry Price Performance

The company has a market cap of $14.00 million and a price-to-earnings ratio of -0.87. The company has a fifty day moving average price of $0.51 and a two-hundred day moving average price of $0.65. The company has a current ratio of 0.27, a quick ratio of 0.10 and a debt-to-equity ratio of 0.12.

Sky Quarry (NASDAQ:SKYQ) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.09) earnings per share for the quarter. Sky Quarry had a negative return on equity of 147.63% and a negative net margin of 71.27%.The firm had revenue of $4.54 million for the quarter.

Insider Transactions at Sky Quarry

In other news, CEO Valeria Vigas Sealock sold 1,124,800 shares of Sky Quarry stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $0.43, for a total transaction of $483,664.00. Following the sale, the chief executive officer owned 370,747 shares of the company’s stock, valued at approximately $159,421.21. This trade represents a 75.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sherrie Delwo sold 65,126 shares of Sky Quarry stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $0.66, for a total value of $42,983.16. Following the sale, the chief financial officer directly owned 16,347 shares in the company, valued at $10,789.02. The trade was a 79.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,418,753 shares of company stock valued at $659,420. 7.20% of the stock is owned by corporate insiders.

Institutional Trading of Sky Quarry

An institutional investor recently bought a new position in Sky Quarry stock. Millennium Management LLC purchased a new stake in Sky Quarry Inc. (NASDAQ:SKYQ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 51,614 shares of the company’s stock, valued at approximately $59,000. Millennium Management LLC owned approximately 0.27% of Sky Quarry at the end of the most recent reporting period.

Sky Quarry Company Profile

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.