Sky Quarry (NASDAQ:SKYQ) Announces Earnings Results

Sky Quarry (NASDAQ:SKYQ) issued its quarterly earnings data on Friday. The company reported ($0.65) earnings per share (EPS) for the quarter, FiscalAI reports. The business 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 Stock Performance

Shares of NASDAQ:SKYQ traded up $0.58 during midday trading on Friday, reaching $3.07. 5,636,406 shares of the company’s stock were exchanged, compared to its average volume of 2,300,404. Sky Quarry has a 12 month low of $1.66 and a 12 month high of $19.45. The firm has a market capitalization of $11.54 million, a PE ratio of -0.63 and a beta of 4.12. The company’s 50 day simple moving average is $5.03 and its two-hundred day simple moving average is $3.67.

Hedge Funds Weigh In On Sky Quarry

A hedge fund recently bought a new stake in Sky Quarry stock. JPMorgan Chase & Co. bought a new position in Sky Quarry Inc. (NASDAQ:SKYQ) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SKYQ shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Sky Quarry in a research report on Tuesday, April 21st. Wall Street Zen raised shares of Sky Quarry to a “sell” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

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.