Sky Quarry Jumps in After-Hours; Traders Eye June Refinery Restart
Sky Quarry Inc. was active among microcap energy names Wednesday. Shares closed at $1.91, adding 22.44%, and continued higher after the bell. Traders are watching to see if Sky Quarry can hit its June target to restart its refinery and get back to production. The company reported nearly zero sales in the first quarter following a shutdown. The difference since Tuesday is the tape. SKYQ closed at $1.58 in Public’s after-hours table following June 9, and $2.38 after the June 10 session. On Wednesday, after-hours showed a range between $1.78 and $3.70. Google Finance still lists the company with a $9.16 million market cap and 4.80 million shares out, so moves like this point to momentum, but also raise liquidity red flags.
