Sky Quarry Inc (NASDAQ: SKYQ)’s stock price has soared by 12.87 in relation to previous closing price of 1.01. Nevertheless, the company has seen a gain of 3.64% in its stock price over the last five trading days. globenewswire.com reported 2025-01-28 that Tailored for Strategic Scalability and Cost Efficiency for Production of Sellable Byproducts for Local and Regional Markets WOODS CROSS, Utah, Jan. 28, 2025 (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, has unveiled plans for a national rollout of modular facilities designed to expand the reach and scalability of the Company’s proprietary technology and platform, demonstrating its commitment to innovation, operational efficiency, and long-term growth. With downstream operations established at its Nevada refinery and midstream operations at its extraction facility in Utah expected to be fully operational in 2025, the Company is finalizing its plan to expand its upstream capabilities through the deployment of its Asphalt Shingle Recycling (ASR) units.
Is It Worth Investing in Sky Quarry Inc (NASDAQ: SKYQ) Right Now?
The public float for SKYQ is 17.51M, and currently, shorts hold a 0.50% of that float. The average trading volume for SKYQ on February 05, 2025 was 226.05K shares.
SKYQ’s Market Performance
The stock of Sky Quarry Inc (SKYQ) has seen a 3.64% increase in the past week, with a -0.87% drop in the past month, and a -50.43% fall in the past quarter. The volatility ratio for the week is 10.70%, and the volatility levels for the past 30 days are at 12.34% for SKYQ. The simple moving average for the past 20 days is -3.43% for SKYQ’s stock, with a -29.59% simple moving average for the past 200 days.
SKYQ Trading at 4.82% 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 -79.23% of loss for the given period.
Volatility was left at 12.34%, however, over the last 30 days, the volatility rate increased by 10.70%, as shares surge +4.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.72% lower at present.
During the last 5 trading sessions, SKYQ rose by +3.64%, in comparison to the 20-day moving average, which settled at $1.1805. In addition, Sky Quarry Inc saw -0.87% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SKYQ starting from LAUN MARCUS G, who purchase 1,200 shares at the price of $0.94 back on Dec 03 ’24. After this action, LAUN MARCUS G now owns 1,292,978 shares of Sky Quarry Inc, valued at $1,128 using the latest closing price.
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
In conclusion, Sky Quarry Inc (SKYQ) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
