Sky Quarry Inc. reaches a 20-day high amid market strength
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 07 Jan 26
Source: Newsfilter
Sky Quarry Inc. experienced a significant price increase of 17.60%, reaching a 20-day high. This movement aligns with the broader market context, as the Nasdaq-100 rose by 0.37% and the S&P 500 gained 0.10%.
The stock's rise is attributed to broad market strength, reflecting positive investor sentiment across major indices. The overall market conditions have contributed to the upward momentum in Sky Quarry's stock price, indicating a favorable environment for growth.
This upward movement suggests that investors are optimistic about the company's future prospects, potentially driven by broader trends in the market that favor growth-oriented stocks.
Analyst Views on SKYQ
About SKYQ
Sky Quarry Inc. is an integrated energy solutions company. The Company and its subsidiaries are engaged in oil production, refining, and a development-stage environmental remediation, which is formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. It focuses on converting waste into sustainable oil and other resources. It has a daily production capacity of 5,000 barrels per day (bpd). The Company’s refinery converts heavy crude oil into diesel and a range of other valuable petroleum products, including naphtha, vacuum gas oil, and paving asphalt liquids from sustainable feedstock. It owns two substantial processing facilities: an oil extraction facility with significant hydrocarbon resources, and an oil refinery in Nevada. Its closed loop recycling process recovers both material and oil, using its proprietary extraction technology. Its subsidiaries include 2020 Resources (Canada) Ltd. and 2020 Resources LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
