SKYQ eases up as Nevada oil announcement brings attention
Sky Quarry shares fell 6.9% to $1.82 Thursday after the company announced a new crude oil drilling project in Nevada’s Railroad Valley. The stock extended a multi-day slide, underperforming the small-cap index. First-quarter net sales dropped to $383 from $6.3 million a year earlier, with a net loss of $2.32 million. The company plans to process new oil at its Foreland Refinery.