Sky Quarry (NASDAQ:SKYQ) Issues Earnings Results

Sky Quarry (NASDAQ:SKYQ) posted its quarterly earnings data on Thursday. The company reported ($0.77) earnings per share (EPS) for the quarter, Zacks reports. Sky Quarry had a negative net margin of 97.65% and a negative return on equity of 367.18%.

Sky Quarry Trading Up 0.4%

SKYQ stock traded up $0.01 during mid-day trading on Friday, reaching $2.75. The company’s stock had a trading volume of 1,311,619 shares, compared to its average volume of 6,712,498. The stock has a market cap of $13.19 million, a PE ratio of -0.80 and a beta of 2.35. Sky Quarry has a fifty-two week low of $1.10 and a fifty-two week high of $19.45. The company’s 50 day moving average is $3.11 and its two-hundred day moving average is $3.65.

Institutional Investors Weigh In On Sky Quarry

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Sky Quarry from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sky Quarry presently has an average 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.