Key Points
- CEO David Sealock sold multiple blocks of SKYQ stock in late Oct–early Nov, including 38,062 shares on Nov 7 for $15,224.80, cutting his stake by 7.38% to 477,510 shares.
- Company fundamentals and sentiment are weak: Sky Quarry has a $9.55M market cap, negative EPS and margins, and a consensus “Sell” rating (Weiss Ratings reissued a "sell (e+)").
- Institutional investor activity: JPMorgan Chase disclosed a new position of about 2.25 million shares (≈10.51% of the company), valued at roughly $1.387 million per the latest 13F filing.
Sky Quarry Inc. (NASDAQ:SKYQ - Get Free Report) CEO David Sealock sold 38,062 shares of the firm's stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $0.40, for a total value of $15,224.80. Following the completion of the transaction, the chief executive officer owned 477,510 shares of the company's stock, valued at approximately $191,004. This represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
David Sealock also recently made the following trade(s):
- On Wednesday, November 5th, David Sealock sold 20,405 shares of Sky Quarry stock. The shares were sold at an average price of $0.41, for a total value of $8,366.05.
- On Monday, November 3rd, David Sealock sold 109,698 shares of Sky Quarry stock. The shares were sold at an average price of $0.45, for a total transaction of $49,364.10.
- 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 transaction of $37,644.10.
Sky Quarry Stock Performance
Sky Quarry stock opened at $0.41 on Friday. Sky Quarry Inc. has a 1-year low of $0.37 and a 1-year high of $2.26. The company has a current ratio of 0.27, a quick ratio of 0.10 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $9.55 million and a PE ratio of -0.59. The firm's 50 day simple moving average is $0.50 and its 200 day simple moving average is $0.61.
Sky Quarry (NASDAQ:SKYQ - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.09) EPS for the quarter. Sky Quarry had a negative net margin of 71.27% and a negative return on equity of 147.63%. The firm had revenue of $4.54 million for the quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Sky Quarry in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Sky Quarry presently has a consensus rating of "Sell".
Read Our Latest Research Report on SKYQ
Institutional Inflows and Outflows
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 - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing 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 approximately 10.51% of Sky Quarry at the end of the most recent reporting period.
About Sky Quarry
(
Get Free Report)
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.
See Also
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