David Sealock Sells 109,698 Shares of Sky Quarry (NASDAQ:SKYQ) Stock

Sky Quarry Inc. (NASDAQ:SKYQ) CEO David Sealock sold 109,698 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $0.45, for a total value of $49,364.10. Following the completion of the sale, the chief executive officer directly owned 535,977 shares of the company’s stock, valued at $241,189.65. The trade was a 16.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Stock Performance

Shares of Sky Quarry stock opened at $0.42 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.10 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $9.76 million and a P/E ratio of -0.61. The business has a fifty day simple moving average of $0.50 and a two-hundred day simple moving average of $0.62. Sky Quarry Inc. has a 12 month low of $0.39 and a 12 month high of $2.26.

Sky Quarry (NASDAQ:SKYQ) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.09) EPS for the quarter. The firm 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%.

Hedge Funds Weigh In On Sky Quarry

A hedge fund recently bought a new stake in Sky Quarry stock. JPMorgan Chase & Co. purchased a new position in Sky Quarry Inc. (NASDAQ:SKYQ) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund 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 reporting period.

Analyst Ratings Changes

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