What’s Going on Sky Quarry Stock on Monday?

by | Jul 13, 2026 | General

Sky Quarry Inc. (NASDAQ:SKYQ) shares are up during Monday’s premarket session.

The stock outperformed the broader market as oil prices climbed on renewed Middle East tensions. Investors also reacted to the company’s latest leadership change update.

Last week, the company appointed Ray Hansen, a veteran with over 35 years in the refining industry, as President of Foreland Refining Corporation.

Ray Hansen Named Foreland Refining President

This leadership change coincides with the Eagle Springs refinery near Ely, Nevada, entering its production phase, positioning SKYQ alongside established independent refiners like PBF Energy Inc. (NYSE:PBF) and CVR Energy, Inc. (NYSE:CVI).

This strategic move signals a commitment to ramping up operations and enhancing production capabilities.

The appointment of Ray Hansen as President of Foreland Refining marks a significant step for Sky Quarry, aligning the company with experienced leadership as it transitions into production at its Eagle Springs facility.

Hansen’s background includes senior roles at HF Sinclair and Chevron, and his expertise is expected to drive operational efficiency and growth in the refining sector.

What Sky Quarry (SKYQ) Does And Why It Matters

Sky Quarry Inc. is a development-stage oil-producing and refining company focused on innovative technologies for recycling waste asphalt shingles and remediating oil-saturated soils. The company aims to reduce landfill dependence while providing a sustainable alternative to crude oil extraction through its refining operations.

With the recent appointment of Ray Hansen, Sky Quarry is poised to enhance its operational capabilities at the Eagle Springs refinery. This strategic move not only positions the company for immediate production but also aligns it with industry leaders, potentially increasing its market relevance and operational efficiency.

How Sky Quarry (SKYQ) Ranks On Momentum And Market Signals

Below is the Benzinga Edge scorecard for Sky Quarry, highlighting its strengths and weaknesses compared to the broader market:

  • Momentum: Weak (Score: 2.22) — Stock is underperforming the broader market.

The Verdict: Sky Quarry’s Benzinga Edge signal reveals a weak momentum profile, indicating challenges in maintaining upward price movement. Investors should monitor upcoming developments closely, particularly in light of the recent leadership changes and production ramp-up.

SKYQ Price Action: Sky Quarry shares were up 16.67% at $3.71 during premarket trading on Monday, according to Benzinga Pro data.

Photo via Shutterstock