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Why Did Sky Quarry Plunge 10.8% Amid Expansion Push?
Generated by AI AgentAinvest Pre-Market Radar
Tuesday, Jun 17, 2025 7:34 am ET1min read
On June 17, 2025, Sky Quarry's stock experienced a significant drop of 10.8% in pre-market trading, reflecting a notable shift in investor sentiment.
Sky Quarry has been actively pursuing strategic initiatives to expand its operations. The company recently applied for a recycling permit to launch an integrated energy facility in Utah, aiming to unlock new commercial pathways and transform the waste-to-energy landscape in the United States. This move is part of a broader strategy to ensure rapid national expansion and enhance its market position.
In the first quarter of 2025,
reported a loss of US$0.16 per share, slightly higher than the previous year's loss of US$0.15 per share. Despite the financial setback, the company's focus on sustainable energy solutions and strategic expansions indicates a long-term vision for growth and innovation.
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