Sky Quarry (NASDAQ:SKYQ) Trading Up 2.6% – Should You Buy?

Sky Quarry Inc. (NASDAQ:SKYQ)’s share price was up 2.6% during trading on Thursday . The company traded as high as $0.64 and last traded at $0.60. Approximately 1,199,606 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 19,499,108 shares. The stock had previously closed at $0.59.

Sky Quarry Trading Up 2.6%

The company has a debt-to-equity ratio of 0.12, a current ratio of 0.27 and a quick ratio of 0.10. The company has a market cap of $14.00 million and a price-to-earnings ratio of -0.87. The business has a 50 day simple moving average of $0.51 and a 200 day simple moving average of $0.65.

Sky Quarry (NASDAQ:SKYQ) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.09) EPS for the quarter. The business had revenue of $4.54 million during the quarter. Sky Quarry had a negative return on equity of 147.63% and a negative net margin of 71.27%.

Insider Transactions at Sky Quarry

In other news, CFO Darryl Delwo sold 110,000 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $0.73, for a total transaction of $80,300.00. Following the completion of the sale, the chief financial officer owned 15,000 shares in the company, valued at $10,950. The trade was a 88.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Valeria Vigas Sealock sold 1,124,800 shares of the company’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $0.43, for a total value of $483,664.00. Following the completion of the sale, the chief executive officer owned 370,747 shares of the company’s stock, valued at $159,421.21. This represents a 75.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,418,753 shares of company stock worth $659,420 over the last 90 days. 7.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Sky Quarry

A hedge fund recently bought a new stake in Sky Quarry stock. Millennium Management LLC purchased a new position in Sky Quarry Inc. (NASDAQ:SKYQ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 51,614 shares of the company’s stock, valued at approximately $59,000. Millennium Management LLC owned approximately 0.27% of Sky Quarry at the end of the most recent reporting period.

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.