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Sherrie Delwo, former CFO spouse, reported selling 23 shares of Sky Quarry Inc. NASDAQ:SKYQ common stock on August 22, 2025. The shares were sold at a price of $0.48, for a total transaction value of $11. Following the transaction, Delwo directly owns 81,473 shares of Sky Quarry , which currently trades at $0.56 with a market capitalization of $13.8 million. The stock has shown significant volatility, gaining over 33% in the past week despite being down 85% year-over-year. According to InvestingPro analysis, Sky Quarry appears overvalued at current levels, with several financial health indicators suggesting caution. InvestingPro subscribers have access to 10 additional key insights about SKYQ’s financial position and market performance.
In other recent news, Sky Quarry Inc. announced that its subsidiary, Foreland Refining Corporation, has launched a crowdfunding effort to support operations at Nevada’s only active crude oil refinery. The Eagle Springs refinery, located in Railroad Valley, produces diesel, asphalt, vacuum gas oil, and naphtha for various sectors across the Western U.S. This move comes as Nevada imports approximately 86% of its refined fuel, highlighting the importance of local refining operations. Additionally, Sky Quarry has revealed a strategic initiative to establish a digital asset treasury as part of its capital allocation strategy. The company is actively exploring how digital assets can enhance its existing business model, aiming to strengthen its balance sheet and create shareholder value. To develop this initiative, Sky Quarry has formed an internal working group and engaged industry advisors. The company plans to invest in digital currencies, stablecoins, and other blockchain-based instruments. These developments are part of Sky Quarry’s broader strategy to innovate and adapt to changing market conditions.
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