Why Did Sky Quarry Plunge 10.8% Amid Expansion Push?

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, Sky Quarry 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.