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

Sky Quarry Inc. (NASDAQ:SKYQ) CEO David Sealock sold 109,698 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were 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 in the company, valued at approximately $241,189.65. The trade was a 16.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 Price Performance

SKYQ stock opened at $0.45 on Tuesday. Sky Quarry Inc. has a 1 year low of $0.39 and a 1 year high of $2.26. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.10 and a current ratio of 0.27. The stock’s 50 day moving average price is $0.50 and its 200 day moving average price is $0.62. The firm has a market cap of $10.49 million and a P/E ratio of -0.65.

Sky Quarry (NASDAQ:SKYQ) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.09) earnings per share for the quarter. The business 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 reiterated a “sell (e+)” rating on shares of Sky Quarry in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Trading of Sky Quarry

An institutional investor recently bought a new position in Sky Quarry stock. JPMorgan Chase & Co. acquired a new position in shares of Sky Quarry Inc. (NASDAQ:SKYQ) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 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 SEC filing.

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.