Sky Quarry (NASDAQ:SKYQ – Get Free Report) posted its earnings results on Friday. The company reported ($0.65) EPS for the quarter, FiscalAI reports. The firm had revenue of $0.00 million during the quarter. Sky Quarry had a negative return on equity of 188.99% and a negative net margin of 97.65%.
Sky Quarry Price Performance
Shares of SKYQ traded up $0.58 during midday trading on Friday, hitting $3.07. The stock had a trading volume of 5,636,406 shares, compared to its average volume of 2,300,404. The stock’s 50 day moving average is $5.03 and its 200 day moving average is $3.67. Sky Quarry has a 1 year low of $1.66 and a 1 year high of $19.45. The firm has a market cap of $11.54 million, a PE ratio of -0.63 and a beta of 4.12.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on SKYQ. Wall Street Zen raised shares of Sky Quarry to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings restated a “sell (e+)” rating on shares of Sky Quarry in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Sky Quarry has a consensus rating of “Sell”.
Institutional Investors Weigh In On Sky Quarry
A hedge fund recently bought a new stake in Sky Quarry stock. JPMorgan Chase & Co. purchased a new position in Sky Quarry Inc. (NASDAQ:SKYQ – Free Report) during the 2nd quarter, according to the company in its most recent disclosure 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 at the end of the most recent reporting period.
About Sky Quarry
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
- Five stocks we like better than Sky Quarry
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Receive News & Ratings for Sky Quarry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sky Quarry and related companies with MarketBeat.com's FREE daily email newsletter.
