Sky Quarry (NASDAQ:SKYQ) Trading 7.9% Higher – Time to Buy?

Sky Quarry Inc. (NASDAQ:SKYQ)’s share price rose 7.9% during trading on Thursday . The stock traded as high as $0.62 and last traded at $0.64. Approximately 19,126 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 161,555 shares. The stock had previously closed at $0.60.

Sky Quarry Price Performance

The company has a 50 day moving average price of $0.89.

Institutional Investors Weigh In On Sky Quarry

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

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.