Overview
- Sky Quarry shares recently traded near $12.60 in premarket action after spiking to about $14.69 late last week.
- Crude futures rose roughly 2.31% to around $100 a barrel after President Trump’s Truth Social post about Iran and the Strait of Hormuz.
- Traders have zeroed in on Sky Quarry’s Foreland Refinery in Nevada as shrinking regional fuel capacity makes small domestic plants look more valuable.
- Charts show extreme momentum, with the stock sitting about 114% above its 20‑day average and an RSI near 77.79 that signals overbought conditions.
- Analysts frame the surge as speculative, pointing to deep losses, only $35,370 in cash, and high leverage including a debt‑to‑equity ratio near 3.57.