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

Sky Quarry Inc. (NASDAQ:SKYQ)’s stock price rose 7.9% on Thursday . The company traded as high as $0.62 and last traded at $0.64. Approximately 19,126 shares traded 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 Trading Up 7.9 %

The company’s 50 day moving average is $0.89.

Institutional Investors Weigh In On Sky Quarry

A number of hedge funds have recently added to or reduced their stakes in SKYQ. Newbridge Financial Services Group Inc. purchased a new stake in Sky Quarry during the fourth quarter valued at $34,000. Virtu Financial LLC bought a new stake in shares of Sky Quarry during the 4th quarter valued at about $41,000. Sepio Capital LP purchased a new stake in shares of Sky Quarry during the 4th quarter valued at about $72,000. Renaissance Technologies LLC bought a new position in shares of Sky Quarry in the 4th quarter worth approximately $35,000. Finally, XTX Topco Ltd purchased a new position in shares of Sky Quarry in the fourth quarter worth approximately $43,000.

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.