Sky Quarry Inc (SKYQ) Stock AnalysisSKYQSky Quarry Inc

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 petroleum products, including naphtha, vacuum gas oil (VGO), 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. It operates in the Industrials sector.

Sky Quarry Inc is not a good buy right now due to significant financial losses and negative trends. The stock has a current price of 1.98, which is down 42.51% year-to-date and has a low gross margin of -102200.52%. Furthermore, insider selling has increased by 284.57%, indicating a lack of confidence from those close to the company. The main risk is the upcoming earnings report on November 13, 2026, where the last EPS reported was -0.77, suggesting ongoing financial struggles.