Wait. Before you check the ticker again, let's be honest about what we’re looking at here. You probably saw Sky Quarry Inc. (NASDAQ: SKYQ) pop up on a scanner or a green-energy watchlist and noticed the price sitting around $0.34. It’s a micro-cap. It’s volatile. On a random Thursday in mid-January 2026, it’s down nearly 9% in a single morning, while just a week ago it was teasing the $0.70 mark.
This isn't a "set it and forget it" blue chip.
Sky Quarry is a weird, ambitious hybrid. It’s part environmental remediation firm, part oil refinery, and lately, part digital asset experiment. They’re trying to solve a massive, filthy problem: the 12 million tons of asphalt shingles that end up in U.S. landfills every year. But as a retail investor, the Sky Quarry stock price is currently telling a story of a company fighting for liquidity while trying to prove its "waste-to-energy" model actually scales.
The Reality of the SKYQ Ticker Right Now
If you’re tracking the Sky Quarry stock price today, you’re seeing the aftermath of some heavy-duty financial maneuvering. Just this week, on January 12, 2026, the company inked a deal with Cantor Fitzgerald to sell up to $4.7 million in common stock through an "at-the-market" (ATM) offering.
Why does that matter to you?
Because ATM offerings are basically a pressure valve for a company’s cash flow, but they can be a lead weight on the share price. When a company can drip-feed new shares into the market to raise cash, it often dilutes existing shareholders. It’s a survival tactic. It keeps the lights on at their Foreland refinery in Nevada and the PR Spring facility in Utah, but it makes it very hard for the stock to sustain a "moon mission" rally.
The 52-week range is a wild ride: $0.21 to $1.94.
💡 You might also like: TT Ltd Stock Price Explained: What Most Investors Get Wrong About This Textile Pivot
If you bought at the top, you’re hurting. If you’re looking at it now, you’re wondering if $0.34 is the floor or just a pit stop on the way down. Honestly, the market cap is hovering around **$9 million**. That is tiny. In the world of NASDAQ-listed companies, this is a "show me" stock. The market is waiting for Sky Quarry to prove they can turn a profit from those mountains of old roof shingles.
The Digital Asset Pivot: Genius or Distraction?
Here’s where things get really "2026." Sky Quarry isn't just talking about asphalt anymore. They’ve pivoted hard into something called Real-World Asset (RWA) tokenization.
They’ve partnered with the Continuum Network to create digital tokens backed by their oil reserves. The idea is to create liquidity without selling more stock. Think of it like this: instead of asking Wall Street for a loan or issuing more shares (and diluting you), they want to sell digital "units" of the oil they haven't even pulled out of the ground yet.
It’s a bold move.
Some analysts see it as a way to unlock the "inherent value" of their Utah assets—specifically that $50 million PR Spring facility. Others worry it’s a distraction from the core business of fixing a broken refinery. Marcus Laun, the interim CEO, is betting the farm that this "Digital Asset Treasury" strategy will strengthen the balance sheet. They even authorized pursuing up to **$100 million** through this initiative.
Whether that reflects in the Sky Quarry stock price depends entirely on whether crypto-aligned investors buy the tokens and whether the SEC stays out of the way.
📖 Related: Disney Stock: What the Numbers Really Mean for Your Portfolio
Why the Board Shuffles Matter to Your Money
You might have missed the news on January 15, but Sky Quarry just added three new independent directors: Omar Hussein, Alexander Monje, and Robert Byrne.
Usually, board appointments are snooze-fests. Not here.
This shift creates a majority-independent board, which is a big deal for NASDAQ compliance and general "adulting" for a micro-cap company. These guys aren't just names; they bring backgrounds from Citigroup, Morgan Stanley, and 10X Capital. It suggests the company is trying to clean up its governance to attract institutional money—the kind of "smart money" that doesn't panic when the price drops three cents.
The "Waste-to-Energy" Hurdle
Let's talk about the actual business. Sky Quarry owns a refinery. Refineries are expensive, temperamental beasts.
They’ve spent the last year refurbishing the Foreland refinery. In late 2024, they were doing 24 different "work packages" to get the boilers and primary systems up to snuff. The bull case is simple: they take shingles (which people pay them to take) and turn them into oil (which they sell).
The bear case? It’s harder than it looks.
👉 See also: 1 US Dollar to 1 Canadian: Why Parity is a Rare Beast in the Currency Markets
Revenue in late 2024 was around $4.8 million—a massive drop from the $14.4 million they saw the year prior. They blamed lower oil prices and the refinery downtime. When oil prices (WTI) drop, Sky Quarry’s margins get squeezed from both sides. They need high energy prices to make the recycling process look like a gold mine.
What to Watch Before You Trade
If you’re looking to play the Sky Quarry stock price, keep these specific triggers on your radar:
- The RFP for the 7 MW Power Assets: They’re currently looking for partners to monetize the gas turbines at their PR Spring facility. If they find a buyer or a partner for that power, it’s an immediate cash infusion that doesn't involve selling more shares.
- The $4.7M Cantor Fitzgerald Offering: Watch the volume. If the stock starts tanking on high volume without news, it might be the company "tapping the keg" of that ATM offering.
- Tokenization Launch: When the first "oil-backed tokens" actually hit an exchange, watch the market's reaction. It’s a litmus test for their new business model.
- Profitability: They aren't profitable yet. Period. Until the earnings reports show a narrowing loss (the last GAAP EPS was around -$0.10), this remains a speculative play.
Actionable Next Steps
If you are already holding SKYQ, your main task is monitoring the SEC Form 4 filings. Look for "insider buys." If the new board members or Marcus Laun start buying shares with their own cash at these $0.30 levels, it’s a massive vote of confidence.
If you’re looking to enter, don't go all in. This is a "nibble" stock. The volatility is high enough that you can wait for a red day—which, let's be honest, happen frequently with micro-caps—to build a position.
Keep an eye on the $0.21 support level. That’s the 52-week low. If it breaks that, the "recycled energy" dream might need a lot more than just a new board of directors to stay afloat. Focus on the quarterly revenue numbers; if they can't get back above that $10M-per-quarter mark, the tokenization is just a band-aid on a bigger problem.