Sky Quarry Ends Equity Purchase Agreement, Explores Financing Alternatives

An update from Sky Quarry, Inc. ( (SKYQ) ) is now available.

On January 7, 2026, Sky Quarry, Inc. terminated, without cause, its equity purchase agreement with Varie Asset Management LLC, originally entered into on July 9, 2025, which had allowed the company to compel Varie to buy up to $8.125 million of its common stock under specified conditions. Although Varie had previously received 366,260 shares as consideration for its purchase commitment, Sky Quarry never utilized the facility to sell any additional shares, and determined that ending the agreement immediately—without incurring penalties—was in its best interest as it pursues alternative financing options, signaling a shift in its capital-raising strategy that may affect how the company funds its operations going forward.

The most recent analyst rating on (SKYQ) stock is a Hold with a $0.30 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 weighed down by poor financial performance (sharp revenue decline, losses, and ongoing cash burn). Technicals are also weak with the stock trading below key moving averages and a negative MACD. Valuation is constrained by a negative P/E and no dividend yield, while recent corporate events provide only a limited positive offset.

To see Spark’s full report on SKYQ stock, click here.

More about Sky Quarry, Inc.

Average Trading Volume: 5,797,434

Technical Sentiment Signal: Buy

Current Market Cap: $14.91M

Find detailed analytics on SKYQ stock on TipRanks’ Stock Analysis page.