Sky Quarry (NASDAQ:SKYQ) Shares Scheduled to Reverse Split on Monday, March 16th

Sky Quarry Inc. (NASDAQ:SKYQ)’s stock is scheduled to reverse split on Monday, March 16th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, March 15th.

Sky Quarry Stock Performance

SKYQ stock opened at $0.35 on Thursday. The firm has a market cap of $10.49 million, a PE ratio of -0.57 and a beta of -1.68. The company has a fifty day simple moving average of $0.38 and a 200 day simple moving average of $0.41. Sky Quarry has a 1 year low of $0.21 and a 1 year high of $1.94.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Sky Quarry in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Trading of Sky Quarry

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

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.