Sky Quarry (NASDAQ:SKYQ) Announces Quarterly Earnings Results

Sky Quarry (NASDAQ:SKYQ) issued its quarterly earnings results on Friday. The company reported ($0.65) earnings per share for the quarter, FiscalAI reports. The business had revenue of $0.00 million for the quarter. Sky Quarry had a negative return on equity of 188.99% and a negative net margin of 97.65%.

Sky Quarry Stock Performance

SKYQ opened at $3.07 on Friday. Sky Quarry has a fifty-two week low of $1.66 and a fifty-two week high of $19.45. The firm’s fifty day moving average is $5.03 and its 200 day moving average is $3.67. The stock has a market cap of $11.54 million, a price-to-earnings ratio of -0.63 and a beta of 4.12.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SKYQ shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sky Quarry in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of Sky Quarry to a “sell” rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sky Quarry currently 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.