tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Sky Quarry Completes Preferred Stock Offering

Story Highlights
  • Foreland Refining Corporation began offering Series A 10% Redeemable Preferred Stock in July 2025.
  • By October 2025, Foreland raised $416,700, with plans to continue the offering to reach $1,235,000.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sky Quarry Completes Preferred Stock Offering

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Sky Quarry, Inc. ( (SKYQ) ) has issued an announcement.

In July 2025, Foreland Refining Corporation, a wholly-owned subsidiary of Sky Quarry, Inc., initiated an offering of its Series A 10% Redeemable Preferred Stock under Regulation C. By October 1, 2025, Foreland completed the sale of 1,182 shares, raising $416,700 from the sale of 4,167 shares, with plans to continue the offering to reach up to $1,235,000. The Preferred Stock offers a 10% annual dividend and a royalty payment tied to crude oil sales, with redemption terms varying based on the duration held. This strategic financial move aims to bolster Foreland’s capital structure, potentially enhancing its market position and providing attractive returns to investors.

The most recent analyst rating on (SKYQ) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Sky Quarry, Inc. stock, see the SKYQ Stock Forecast page.

Spark’s Take on SKYQ Stock

According to Spark, TipRanks’ AI Analyst, SKYQ is a Underperform.

Sky Quarry, Inc. receives a low overall stock score due to significant financial performance issues, including declining revenues and negative profitability. Technical analysis also indicates weak momentum, and valuation metrics are poor with a negative P/E ratio. These factors collectively suggest a high-risk investment.

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

More about Sky Quarry, Inc.

Average Trading Volume: 6,539,107

Technical Sentiment Signal: Sell

Current Market Cap: $14.58M

For detailed information about SKYQ stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1