Sky Quarry Inc.’s Lock-Up Period Will Expire Tomorrow (NASDAQ:SKYQ)

Sky Quarry’s (NASDAQ:SKYQ) lock-up period is set to end on Tuesday, April 8th. Sky Quarry had issued 1,118,005 shares in its public offering on October 10th. The total size of the offering was $6,708,030 based on an initial share price of $6.00. After the expiration of Sky Quarry’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Sky Quarry Stock Down 10.6 %

Sky Quarry stock opened at $0.58 on Monday. The company’s 50 day moving average is $0.82. Sky Quarry has a twelve month low of $0.56 and a twelve month high of $5.49.

Sky Quarry (NASDAQ:SKYQ) last released its earnings results on Tuesday, April 1st. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $4.19 million during the quarter.

Institutional Investors Weigh In On Sky Quarry

Several institutional investors have recently added to or reduced their stakes in SKYQ. Newbridge Financial Services Group Inc. bought a new stake in shares of Sky Quarry in the fourth quarter valued at approximately $34,000. Renaissance Technologies LLC purchased a new position in Sky Quarry in the 4th quarter valued at approximately $35,000. Virtu Financial LLC bought a new stake in Sky Quarry during the 4th quarter valued at $41,000. XTX Topco Ltd purchased a new stake in shares of Sky Quarry during the fourth quarter worth $43,000. Finally, Millennium Management LLC bought a new position in shares of Sky Quarry in the fourth quarter worth $59,000.

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.