Sky Quarry (NASDAQ:SKYQ) Trading Up 7.9% – What’s Next?

Sky Quarry Inc. (NASDAQ:SKYQ) shares traded up 7.9% during mid-day trading on Thursday . The company traded as high as $0.62 and last traded at $0.64. 19,126 shares were traded during trading, a decline of 88% from the average session volume of 161,555 shares. The stock had previously closed at $0.60.

Sky Quarry Trading Up 4.1 %

The stock’s 50 day moving average is $0.88.

Institutional Investors Weigh In On Sky Quarry

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SKYQ. Newbridge Financial Services Group Inc. acquired a new stake in Sky Quarry during the fourth quarter worth about $34,000. Millennium Management LLC purchased a new stake in Sky Quarry in the 4th quarter worth approximately $59,000. Renaissance Technologies LLC purchased a new position in shares of Sky Quarry during the 4th quarter valued at approximately $35,000. XTX Topco Ltd acquired a new position in shares of Sky Quarry in the 4th quarter valued at $43,000. Finally, Sepio Capital LP purchased a new stake in Sky Quarry during the fourth quarter worth $72,000.

Sky Quarry Company Profile

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.