Sky Quarry Inc (NASDAQ: SKYQ)’s stock price has dropped by -28.42 in relation to previous closing price of 1.16. Nevertheless, the company has seen a loss of -41.53% in its stock price over the last five trading days. globenewswire.com reported 2024-11-22 that WOODS CROSS, Utah, Nov. 22, 2024 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry” or “the Company”), an integrated energy solutions company focused on transforming the waste asphalt shingle recycling industry, will hold a Business Update Conference Call on Tuesday, November 26, 2024 at 11:00 a.m. Eastern Time to discuss key anticipated milestones, recent listing on the Nasdaq Stock Market in conjunction with its $6.7 million public offering, facility updates, and reported financial results for the third quarter ended September 30, 2024.
Is It Worth Investing in Sky Quarry Inc (NASDAQ: SKYQ) Right Now?
The public float for SKYQ is 17.41M, and at present, short sellers hold a 0.50% of that float. On November 27, 2024, the average trading volume of SKYQ was 172.39K shares.
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SKYQ’s Market Performance
The volatility ratio for the week is 21.23%, and the volatility levels for the last 30 days are 17.71% for Sky Quarry Inc (SKYQ). The simple moving average for the past 20 days is -50.91% for SKYQ’s stock, with a -64.28% simple moving average for the past 200 days.
SKYQ Trading at -64.28% 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 -84.88% of loss for the given period.
Volatility was left at 17.71%, however, over the last 30 days, the volatility rate increased by 21.23%, as shares sank -64.53% for the moving average over the last 20 days.
During the last 5 trading sessions, SKYQ fell by -41.55%, in comparison to the 20-day moving average, which settled at $1.6915. In addition, Sky Quarry Inc saw -79.80% 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 sum up, Sky Quarry Inc (SKYQ) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
