Sky Quarry (NASDAQ:SKYQ) Stock Rating Upgraded by Wall Street Zen

Sky Quarry (NASDAQ:SKYQ) was upgraded by analysts at Wall Street Zen to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Sky Quarry in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Sky Quarry Stock Performance

Shares of SKYQ stock opened at $2.84 on Friday. Sky Quarry has a fifty-two week low of $1.66 and a fifty-two week high of $15.52. The company has a 50 day moving average price of $2.96 and a 200 day moving average price of $3.27. The stock has a market capitalization of $10.65 million, a P/E ratio of -0.58 and a beta of -1.68.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sky Quarry stock. JPMorgan Chase & Co. purchased a new position in shares of Sky Quarry Inc. (NASDAQ:SKYQ) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 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 SEC filing.

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.