Sky Quarry (NASDAQ:SKYQ) CEO Sells $49,364.10 in Stock

Sky Quarry Inc. (NASDAQ:SKYQ) CEO David Sealock sold 109,698 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $0.45, for a total value of $49,364.10. Following the sale, the chief executive officer directly owned 535,977 shares of the company’s stock, valued at approximately $241,189.65. This represents a 16.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 Trading Down 5.0%

Shares of NASDAQ SKYQ opened at $0.40 on Thursday. Sky Quarry Inc. has a 12 month low of $0.39 and a 12 month high of $2.26. The company has a market cap of $9.31 million and a price-to-earnings ratio of -0.58. The company has a quick ratio of 0.10, a current ratio of 0.27 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $0.50 and a 200-day simple moving average of $0.62.

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

Institutional Inflows and Outflows

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Sky Quarry in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Sky Quarry currently has a consensus 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.