---
title: "Weekly Recap | Sky Quarry -10.79%, Nevada refinery restarts"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/302954404.md"
description: "Sky Quarry (SKYQ) fell 10.79% this week to close at $2.15. The S&P 500 slipped 0.47% over the same stretch, leaving SKYQ about 10.32 percentage points behind. Trading was wide, with a 22.59% range and a run-up-then-reverse pattern: modest moves Monday and Tuesday around $2.33-2.36, a slide to $2.11 on Wednesday, a spike to $2.60 on Thursday before collapsing to $2.10, then a small rebound to $2.15 on Friday. Average daily volume near 1.96m shares ran 118% above the recent median."
datetime: "2026-10-24T06:59:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/302954404.md)
  - [en](https://longbridge.com/en/news/302954404.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/302954404.md)
generator: "portal-rs"
---

# Weekly Recap | Sky Quarry -10.79%, Nevada refinery restarts

## The Week

Sky Quarry (SKYQ) fell 10.79% this week to close at $2.15. The S&P 500 slipped 0.47% over the same stretch, leaving SKYQ about 10.32 percentage points behind. Trading was wide, with a 22.59% range and a run-up-then-reverse pattern: modest moves Monday and Tuesday around $2.33-2.36, a slide to $2.11 on Wednesday, a spike to $2.60 on Thursday before collapsing to $2.10, then a small rebound to $2.15 on Friday. Average daily volume near 1.96m shares ran 118% above the recent median.

## Key Events

Two bits of company news landed this week, both tied to the Nevada refinery. A report on Thursday (22 Oct) confirmed the refinery had resumed production amid strong diesel demand; on Friday, the company flagged plans to raise output, and the stock popped more than 8% intraday. Separately, two proxy filings (DEF 14A and DEFA14A) appeared on Saturday, after the week had ended, so they belong in the forward-looking picture rather than this week’s news flow. The dominant story is the refinery restart and the push to lift capacity.

## The Week Ahead

The macro calendar opens with Dallas Fed manufacturing activity on Monday, followed Tuesday by durable goods orders, FHFA and Case Shiller house prices, new home sales, the Richmond Fed index and consumer confidence. For SKYQ itself, the main date is Friday 13 Nov, when Q3 FY2026 results are due. Before that, watch the pace of refinery output following the restart, diesel margins, and any governance read-through from the two proxy documents.

## In Short

The weekly sell-off roughly coincided with the refinery-restart headlines, which reads more like digestion of an earlier bounce than a fresh fundamental blow. On valuation, book value per share is $1.33 and the stock trades around 1.61x book, while trailing EPS is negative, so the equity story still hinges on an earnings turn. In the latest session, large-lot flow was marginally net positive, but medium and retail flows were mixed, with no clear incremental trend. The next test is how quickly the refinery restart converts into volume and whether November earnings offer a clearer path to profitability.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**