Sky Quarry Inc.’s (NASDAQ:SKYQ) Lock-Up Period To End on April 8th

Sky Quarry’s (NASDAQ:SKYQ) lock-up period will 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 end of Sky Quarry’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Sky Quarry Trading Down 9.3 %

Shares of NASDAQ SKYQ opened at $0.63 on Thursday. Sky Quarry has a fifty-two week low of $0.56 and a fifty-two week high of $5.49. The company has a 50-day simple moving average of $0.84.

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

Hedge Funds Weigh In On Sky Quarry

Large investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sky Quarry in the fourth quarter valued at about $34,000. Renaissance Technologies LLC bought a new stake in Sky Quarry in the 4th quarter worth about $35,000. Virtu Financial LLC purchased a new stake in Sky Quarry in the 4th quarter valued at about $41,000. XTX Topco Ltd bought a new position in shares of Sky Quarry during the 4th quarter worth approximately $43,000. Finally, Millennium Management LLC purchased a new position in shares of Sky Quarry in the 4th quarter worth approximately $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.