Sky Quarry (NASDAQ:SKYQ – Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.77) EPS for the quarter, Zacks reports. Sky Quarry had a negative return on equity of 238.54% and a negative net margin of 97.65%.
Sky Quarry Price Performance
SKYQ traded down $0.69 on Thursday, hitting $2.74. 1,955,050 shares of the company’s stock were exchanged, compared to its average volume of 6,802,022. The stock has a fifty day moving average of $3.07 and a two-hundred day moving average of $3.65. Sky Quarry has a twelve month low of $1.10 and a twelve month high of $19.45.
Analyst Ratings Changes
Separately, Weiss Ratings cut Sky Quarry from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.
Hedge Funds Weigh In On Sky Quarry
A hedge fund recently bought a new position in Sky Quarry stock. JPMorgan Chase & Co. purchased a new position in Sky Quarry Inc. (NASDAQ:SKYQ – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,249,882 shares of the company’s stock, valued at approximately $1,387,000. JPMorgan Chase & Co. owned about 10.51% of Sky Quarry at the end of the most recent quarter.
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. 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.
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