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

Sky Quarry’s (NASDAQ:SKYQ) lock-up period will expire on Tuesday, April 8th. Sky Quarry had issued 1,118,005 shares in its IPO 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 company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Sky Quarry Trading Down 9.7 %

NASDAQ:SKYQ opened at $0.57 on Tuesday. The stock has a 50-day simple moving average of $0.86. Sky Quarry has a twelve month low of $0.56 and a twelve month high of $5.49.

Institutional Investors Weigh In On Sky Quarry

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. purchased a new position in Sky Quarry during the fourth quarter worth about $34,000. Renaissance Technologies LLC purchased a new stake in shares of Sky Quarry during the 4th quarter valued at approximately $35,000. Virtu Financial LLC acquired a new position in Sky Quarry in the fourth quarter valued at approximately $41,000. XTX Topco Ltd purchased a new position in Sky Quarry in the fourth quarter worth approximately $43,000. Finally, Millennium Management LLC acquired a new stake in Sky Quarry during the fourth quarter worth $59,000.

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.