Sky Quarry (NASDAQ:SKYQ – Get Free Report) announced its earnings results on Thursday. The company reported ($0.77) earnings per share for the quarter, Zacks reports. Sky Quarry had a negative net margin of 97.65% and a negative return on equity of 238.54%.
Sky Quarry Price Performance
Shares of NASDAQ SKYQ traded down $0.69 during mid-day trading on Thursday, hitting $2.74. The company had a trading volume of 1,955,050 shares, compared to its average volume of 7,863,280. The business’s 50-day simple moving average is $3.07 and its 200-day simple moving average is $3.65. Sky Quarry has a 12 month low of $1.10 and a 12 month high of $19.45. The firm has a market cap of $13.12 million, a P/E ratio of -0.80 and a beta of 2.35.
Hedge Funds Weigh In On Sky Quarry
An institutional investor recently bought a new stake in Sky Quarry stock. JPMorgan Chase & Co. acquired a new position in shares of Sky Quarry Inc. (NASDAQ:SKYQ – Free Report) during the 2nd quarter, according to the company in its most recent Form 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 at the end of the most recent quarter.
Wall Street Analyst Weigh In
Get Our Latest Analysis on SKYQ
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.
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