Insider Selling: Sky Quarry (NASDAQ:SKYQ) CEO Sells 38,062 Shares of Stock

Sky Quarry Inc. (NASDAQ:SKYQ) CEO David Sealock sold 38,062 shares of Sky Quarry stock in a transaction on Friday, November 7th. The stock was sold at an average price of $0.40, for a total transaction of $15,224.80. Following the sale, the chief executive officer owned 477,510 shares in the company, valued at $191,004. This represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, November 5th, David Sealock sold 20,405 shares of Sky Quarry stock. The shares were 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 shares were sold at an average price of $0.46, for a total value of $37,644.10.

Sky Quarry Stock Performance

NASDAQ:SKYQ traded up $0.03 during mid-day trading on Friday, reaching $0.41. 270,230 shares of the stock were exchanged, compared to its average volume of 2,458,499. The stock has a market capitalization of $9.55 million and a P/E ratio of -0.59. Sky Quarry Inc. has a 1 year low of $0.37 and a 1 year high of $2.26. The company has a 50 day simple moving average of $0.50 and a 200-day simple moving average of $0.62. The company has a quick ratio of 0.10, a current ratio of 0.27 and a debt-to-equity ratio of 0.12.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sky Quarry stock. JPMorgan Chase & Co. purchased a new position in shares of Sky Quarry Inc. (NASDAQ:SKYQ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 SEC filing.

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.