Sg Blocks Acquires Texas Oil Leases for Expansion

An update from Sg Blocks ( (SGBX) ) is now available.

On May 28, 2025, Safe & Green Holdings Corp. announced an asset purchase agreement with Sherman Oil Company LLC to acquire 1,600 acres of oil leases in Texas for $1,000,000. This acquisition includes operational equipment and aims to expand the company’s oil production holdings. The deal is structured with staggered payments and involves customary conditions for completion. Safe & Green Holdings plans to enhance production from the newly acquired wells using its Olenox technology, expecting to increase output to over 75 barrels per day within four months. This move is part of the company’s strategy to diversify its portfolio and provide additional value to shareholders.

Spark’s Take on SGBX Stock

According to Spark, TipRanks’ AI Analyst, SGBX is a Neutral.

The overall stock score for SGBX is driven primarily by its weak financial performance and valuation concerns. The company’s financial instability and negative profitability are major red flags. Although there is some positive technical momentum, the risk of delisting adds to the uncertainty surrounding the stock’s future. Investors should exercise caution considering these significant risks.

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

More about Sg Blocks

Safe & Green Holdings Corp. is a leading modular solutions company that specializes in the development, design, and fabrication of modular structures. The company focuses on providing safe and green solutions across various industries, supporting developers, architects, builders, and owners in achieving faster execution, greener construction, and higher-value buildings.

Average Trading Volume: 3,837,802

Technical Sentiment Signal: Sell

Current Market Cap: $5.6M

See more data about SGBX stock on TipRanks’ Stock Analysis page.