Sky Quarry (NASDAQ:SKYQ) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sky Quarry (NASDAQ:SKYQ) to a sell rating in a research note published on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Sky Quarry in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Sky Quarry Stock Performance

SKYQ stock opened at $2.94 on Friday. Sky Quarry has a one year low of $1.66 and a one year high of $15.52. The company’s fifty day moving average price is $2.94 and its 200-day moving average price is $3.26. The company has a market capitalization of $11.03 million, a PE ratio of -0.60 and a beta of -1.72.

Institutional Inflows and Outflows

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