Sky Quarry Inc. stock rises amid market conditions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 13 Jan 26
Source: Newsfilter
Sky Quarry Inc. shares surged by 25.11% as the stock crossed above its 5-day SMA, indicating a strong upward momentum.
This significant price movement is attributed to sector rotation, as the broader market showed mixed signals with the Nasdaq-100 slightly up by 0.03% while the S&P 500 dipped by 0.14%. The positive performance of Sky Quarry Inc. suggests that investors are increasingly optimistic about its future prospects, potentially driven by recent developments in the company or sector.
The implications of this price increase could lead to heightened investor interest and confidence in Sky Quarry Inc., positioning it favorably for future trading sessions.
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.
