Sky Quarry Inc (NASDAQ: SKYQ)’s stock price has gone decline by -16.84 in comparison to its previous close of 1.96, however, the company has experienced a -30.34% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-10-29 that WOODS CROSS, Utah, Oct. 29, 2024 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry ” or the “Company”), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today announced two key appointments. Darryl Delwo, CPA, a seasoned finance and accounting executive, was previously named Chief Financial Officer effective August 20, 2024, and Cyla Apache has recently been promoted to Vice President of Finance.
Is It Worth Investing in Sky Quarry Inc (NASDAQ: SKYQ) Right Now?
The public float for SKYQ is 17.41M and currently, short sellers hold a 0.09% of that float. On November 06, 2024, SKYQ’s average trading volume was 139.04K shares.
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SKYQ’s Market Performance
The simple moving average for the past 20 days is -44.21% for SKYQ’s stock, with a -44.21% simple moving average for the past 200 days.
SKYQ Trading at -44.21% from the 50-Day Moving Average
After a stumble in the market that brought SKYQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -70.31% of loss for the given period.
During the last 5 trading sessions, SKYQ fell by -30.34%, in comparison to the 20-day moving average. In addition, Sky Quarry Inc saw -60.34% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SKYQ
Equity return is now at value -80.01, with -38.38 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.31.
Conclusion
To wrap up, the performance of Sky Quarry Inc (SKYQ) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
