Sky Quarry (NASDAQ:SKYQ) Issues Quarterly Earnings Results

Sky Quarry (NASDAQ:SKYQ) released its quarterly earnings data on Tuesday. The company reported ($0.89) earnings per share for the quarter, FiscalAI reports. The company had revenue of $0.28 million for the quarter. Sky Quarry had a negative return on equity of 176.10% and a negative net margin of 82.54%.

Sky Quarry Trading Down 1.6%

SKYQ stock opened at $2.53 on Thursday. The company has a market capitalization of $9.49 million, a P/E ratio of -0.52 and a beta of -0.63. The business has a 50 day simple moving average of $2.84 and a 200-day simple moving average of $3.16. Sky Quarry has a twelve month low of $1.66 and a twelve month high of $15.52.

Institutional Trading of Sky Quarry

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 second quarter, according to the company in its most recent filing with the Securities and 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 10.51% of Sky Quarry at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SKYQ. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sky Quarry in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Sky Quarry to a “sell” rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.