David Sealock Sells 100,000 Shares of Sky Quarry (NASDAQ:SKYQ) Stock

Sky Quarry Inc. (NASDAQ:SKYQ) CEO David Sealock sold 100,000 shares of Sky Quarry stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $0.35, for a total transaction of $35,000.00. Following the transaction, the chief executive officer directly owned 415,572 shares of the company’s stock, valued at $145,450.20. This represents a 19.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, November 7th, David Sealock sold 38,062 shares of Sky Quarry stock. The stock was sold at an average price of $0.40, for a total transaction of $15,224.80.
• 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 transaction 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 stock was sold at an average price of $0.46, for a total value of $37,644.10.

Sky Quarry Stock Up 1.4%

NASDAQ:SKYQ traded up $0.01 during mid-day trading on Friday, reaching $0.35. 100,927 shares of the company were exchanged, compared to its average volume of 2,319,899. The stock has a market cap of $8.67 million and a PE ratio of -0.57. Sky Quarry Inc. has a 12 month low of $0.31 and a 12 month high of $1.94. The company has a fifty day moving average of $0.45 and a 200 day moving average of $0.57.

Sky Quarry (NASDAQ:SKYQ) last announced its earnings results on Friday, November 14th. The company reported ($0.17) earnings per share (EPS) for the quarter. Sky Quarry had a negative return on equity of 176.10% and a negative net margin of 82.54%.The company had revenue of $1.34 million for the quarter.

Hedge Funds Weigh In On Sky Quarry

A hedge fund recently bought a new stake in Sky Quarry stock. JPMorgan Chase & Co. acquired a new stake in Sky Quarry Inc. (NASDAQ:SKYQ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,249,882 shares of the company’s stock, valued at approximately $1,387,000. JPMorgan Chase & Co. owned 10.51% of Sky Quarry as of its most recent SEC filing.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, Based on data from MarketBeat, the stock currently 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.