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Sky Quarry, Inc. ( (SKYQ) ) has provided an update.
On August 29, 2025, Sky Quarry, Inc. issued a convertible promissory note worth $175,000 to Varie Asset Management LLC, with a maturity date of August 29, 2027, and an interest rate of 14% per annum. The note can be converted into common stock at a conversion price of $0.48 per share, with a floor price of $0.40. Additionally, a warrant was issued to Varie to purchase 70,000 shares at $0.48 per share, exercisable for 24 months. On August 28, 2025, the company’s board terminated CEO Mr. Sealock’s employment and appointed Marcus Laun as the interim CEO, indicating a significant leadership change.
The most recent analyst rating on (SKYQ) stock is a Sell with a $0.50 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 Underperform.
Sky Quarry, Inc. is currently facing significant financial and operational challenges, reflected in its low financial performance score. The technical analysis indicates bearish momentum, and valuation metrics are unfavorable due to negative earnings. While corporate events show some strategic initiatives, they are not enough to offset the overall negative outlook.
To see Spark’s full report on SKYQ stock, click here.
More about Sky Quarry, Inc.
Average Trading Volume: 1,352,485
Technical Sentiment Signal: Strong Sell
Current Market Cap: $10.55M
For a thorough assessment of SKYQ stock, go to TipRanks’ Stock Analysis page.