Sky Quarry Inc [NASDAQ: SKYQ] gained 9.79% or 0.06 points to close at $0.64 with a heavy trading volume of 16490483 shares.
It opened the trading session at $0.63, the shares rose to $0.6941 and dropped to $0.585, the range by which the price of stock traded the whole day. The daily chart for SKYQ points out that the company has recorded -54.11% loss over the past six months.
If we look at the average trading volume of 999.45K shares, SKYQ reached to a volume of 16490483 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Sky Quarry Inc [SKYQ]:
The Price to Book ratio for the last quarter was 1.42, with the Price to Cash per share for the same quarter was set at 0.01.
Trading performance analysis for SKYQ stock
Sky Quarry Inc [SKYQ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.77. With this latest performance, SKYQ shares dropped by -0.33% in over the last four-week period, additionally sinking by -54.11% over the last 6 months – not to mention a drop of -44.53% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SKYQ stock in for the last two-week period is set at 45.27, with the RSI for the last a single of trading hit 0.0819, and the three-weeks RSI is set at 0.1008 for Sky Quarry Inc [SKYQ]. The present Moving Average for the last 50 days of trading for this stock 0.7401, while it was recorded at 0.6196 for the last single week of trading.
Sky Quarry Inc [SKYQ]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Sky Quarry Inc [SKYQ] shares currently have an operating margin of -11.26% and a Gross Margin at -4.31%. Sky Quarry Inc’s Net Margin is presently recorded at -28.05%.
Return on Equity for this stock declined to -38.38%, with Return on Assets sitting at -38.38%.
An analysis of Institutional ownership at Sky Quarry Inc [SKYQ]
There are presently around $0.83%, or 1.32% of SKYQ stock, in the hands of institutional investors.
