Sky Quarry (NASDAQ:SKYQ) Trading Down 4.4% – Time to Sell?

Shares of Sky Quarry Inc. (NASDAQ:SKYQ) fell 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 Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Sky Quarry in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sky Quarry has an average rating of “Sell”.

Sky Quarry Trading Down 4.4%

The firm has a market cap of $7.08 million, a P/E ratio of -0.47 and a beta of -1.12. The business’s 50-day moving average is $0.40 and its two-hundred day moving average is $0.52.

Sky Quarry (NASDAQ:SKYQ) last issued its earnings results on Friday, November 14th. The company reported ($0.17) earnings per share (EPS) for the quarter. The business 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 Transactions at Sky Quarry

In other Sky Quarry news, CEO David Sealock sold 100,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $0.35, for a total value of $35,000.00. Following the completion of the transaction, the chief executive officer owned 415,572 shares in the company, valued at approximately $145,450.20. This represents a 19.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Valeria Vigas Sealock sold 1,124,800 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 370,747 shares in the company, valued at $159,421.21. The trade was a 75.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,574,800 shares of company stock worth $673,263. Corporate insiders own 7.20% of the company’s stock.

Hedge Funds Weigh In On Sky Quarry

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

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. 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.