Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
Sky Quarry Inc. is an enterprise with a diversified operational scope spanning oil production, refining, and ecological restoration. The company's environmental endeavors involve the reclamation of oil-saturated lands and the recycling of spent asphalt shingles. In its energy division, Sky Quarry focuses on the exploration and development of oil sand resources, in addition to processing heavy crude oil to yield diesel and various other petroleum-based products. Founded in 2019, the firm initially conducted business as Recoteq Inc., before officially adopting its current name, Sky Quarry Inc., in April 2020. Its corporate headquarters are located in Woods Cross, Utah.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers.