Sky Quarry (NASDAQ:SKYQ) Releases Quarterly Earnings Results

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

Sky Quarry Price Performance

Shares of SKYQ stock traded up $0.17 during trading hours on Tuesday, reaching $2.57. 36,395 shares of the company were exchanged, compared to its average volume of 392,505. Sky Quarry has a fifty-two week low of $1.66 and a fifty-two week high of $15.52. The stock’s fifty day moving average is $2.85 and its two-hundred day moving average is $3.17. The company has a market cap of $9.64 million, a price-to-earnings ratio of -0.53 and a beta of -1.68.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

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 disclosure with the Securities and Exchange Commission (SEC). 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 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. 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.