Sky Quarry (NASDAQ:SKYQ) CEO Sells $15,224.80 in Stock

Sky Quarry Inc. (NASDAQ:SKYQ) CEO David Sealock sold 38,062 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $0.40, for a total value of $15,224.80. Following the completion of the sale, the chief executive officer owned 477,510 shares of the company’s stock, valued at approximately $191,004. This represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

David Sealock also recently made the following trade(s):

• On Wednesday, November 5th, David Sealock sold 20,405 shares of Sky Quarry stock. The stock was sold at an average price of $0.41, for a total value of $8,366.05.
• On Monday, November 3rd, David Sealock sold 109,698 shares of Sky Quarry stock. The stock was sold at an average price of $0.45, for a total value of $49,364.10.
• On Friday, October 31st, David Sealock sold 81,835 shares of Sky Quarry stock. The shares were sold at an average price of $0.46, for a total value of $37,644.10.

Sky Quarry Stock Performance

Shares of NASDAQ:SKYQ opened at $0.41 on Monday. The business’s 50-day simple moving average is $0.50 and its 200 day simple moving average is $0.61. The company has a market cap of $9.55 million and a P/E ratio of -0.59. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.10 and a current ratio of 0.27. Sky Quarry Inc. has a one year low of $0.37 and a one year high of $2.26.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Sky Quarry in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently 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) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 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 filing with the Securities & Exchange Commission.

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.