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The latest update is out from Sky Quarry, Inc. ( (SKYQ) ).
On July 9, 2025, Sky Quarry Inc. entered into a purchase agreement with Varie Asset Management LLC, allowing Varie to purchase up to $8.125 million of Sky Quarry’s common stock. The agreement provides Sky Quarry with the option, but not the obligation, to sell shares to Varie over a 24-month period, subject to certain conditions including SEC registration. This strategic financial move is designed to provide Sky Quarry with flexible funding options based on market conditions and stock trading prices, while Varie is committed to purchasing shares as directed by Sky Quarry, with certain limitations on ownership percentage.
Spark’s Take on SKYQ Stock
According to Spark, TipRanks’ AI Analyst, SKYQ is a Underperform.
Sky Quarry, Inc. is struggling with severe financial and operational challenges, leading to a low overall stock score. The company’s financial performance is notably weak, with declining revenues and cash flow issues. Technical indicators also suggest bearish momentum, and valuation metrics point to significant concerns with a negative P/E ratio. The Nasdaq compliance notice further compounds existing difficulties, although strategic efforts for recovery are underway.
To see Spark’s full report on SKYQ stock, click here.
More about Sky Quarry, Inc.
Average Trading Volume: 1,013,630
Technical Sentiment Signal: Strong Sell
See more data about SKYQ stock on TipRanks’ Stock Analysis page.