Sky Quarry Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $13.0M
- Price
- $2.71
- % Change (Daily % change from the live per-ticker quote feed.)
- +1.20%
- Volume
- 502.8K
About
Sky Quarry Inc. is an enterprise with a diversified operational scope spanning oil production, refining, and ecological restoration. The company's environmental endeavors involve the reclamation of oil-saturated lands and the recycling of spent asphalt shingles. In its energy division, Sky Quarry focuses on the exploration and development of oil sand resources, in addition to processing heavy crude oil to yield diesel and various other petroleum-based products. Founded in 2019, the firm initially conducted business as Recoteq Inc., before officially adopting its current name, Sky Quarry Inc., in April 2020. Its corporate headquarters are located in Woods Cross, Utah.
Quick stats
Shares outstanding4.8M
Computed float4.4M
Float / shares91.1%
Key info
SectorEnergy
IndustryOil & Gas Integrated
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001812447
Websitehttps://skyquarry.com
AI Summary
AI-generated1/19
standardbullishoperations update
Sky Quarry Advances $50 Million Nevada Oil Development Program to Support Lower-Cost Regional Feedstock
Sky Quarry announced a proposed $50 million initiative to direct third-party capital into Nevada oil producers, aiming to secure lower-cost regional feedstock for its refining operations without issuing equity.
The program structure involves Sky Quarry coordinating investment banking and credit relationships for qualified producers, with the company entering into potential long-term crude oil offtake arrangements.
Management believes this strategy will reduce transportation expenses and improve refinery margins, leveraging the U.S. Geological Survey estimate of 1.4 billion barrels of oil resources in Nevada.