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Sky Quarry, Inc. ( (SKYQ) ) just unveiled an announcement.
On March 5, 2026, Sky Quarry Inc. filed a Certificate of Amendment in Delaware to implement a 1-for-8 reverse stock split of its common stock, effective at 11:59 p.m. Eastern Time on March 15, 2026. The shares are set to begin trading on a split-adjusted basis on the Nasdaq Capital Market under the existing ticker SKYQ on March 16, 2026.
The reverse split, approved by shareholders at a special meeting held on February 19, 2026, will reduce the number of outstanding shares from roughly 29.96 million to about 3.75 million without changing the number of authorized shares or par value. Sky Quarry aims to lift its per-share price to meet Nasdaq’s minimum bid requirement, with all shareholders affected proportionally and fractional shares rounded up rather than paid out in cash.
The most recent analyst rating on (SKYQ) stock is a Hold with a $0.29 price target. To see the full list of analyst forecasts on Sky Quarry, Inc. stock, see the SKYQ Stock Forecast page.
Spark’s Take on SKYQ Stock
According to Spark, TipRanks’ AI Analyst, SKYQ is a Neutral.
The score is primarily held back by weak financial performance (sharp revenue decline, losses, and negative operating/free cash flow). Technical indicators are only mildly supportive near-term and remain weaker over longer horizons, while valuation is constrained by negative earnings (negative P/E). A positive board-refresh event provides some support but is secondary to the financial challenges.
To see Spark’s full report on SKYQ stock, click here.
More about Sky Quarry, Inc.
Sky Quarry Inc. is an integrated energy solutions company focused on transforming the waste recycling industry. Headquartered in Woods Cross, Utah, the company’s operations center on technologies and services that repurpose waste streams, positioning it within the broader clean-tech and energy transition segment of the market.
Average Trading Volume: 6,606,809
Technical Sentiment Signal: Buy
Current Market Cap: $11.61M
For an in-depth examination of SKYQ stock, go to TipRanks’ Overview page.