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

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. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Sky Quarry Trading Down 9.7 %

Shares of SKYQ stock opened at $0.57 on Tuesday. 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 moving average price of $0.86.

Hedge Funds Weigh In On Sky Quarry

Several hedge funds and other institutional investors have recently bought and sold shares of SKYQ. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sky Quarry in the 4th quarter valued at $34,000. Virtu Financial LLC acquired a new position in Sky Quarry during the fourth quarter valued at $41,000. Sepio Capital LP purchased a new stake in Sky Quarry in the fourth quarter valued at $72,000. Renaissance Technologies LLC acquired a new stake in Sky Quarry during the 4th quarter worth about $35,000. Finally, XTX Topco Ltd purchased a new position in shares of Sky Quarry during the 4th quarter valued at about $43,000.

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.