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Sky Quarry Inc. (NASDAQ:SKYQ) shares are retreating Monday morning. The stock is undergoing a “cool off” phase. This follows a massive rally during the previous session. On Thursday, shares surged 101%.
Nasdaq futures are up 0.40% while S&P 500 futures have gained 0.10%.
Nevada Supply Talks Drive Momentum
The initial spike followed news regarding the Foreland Refinery. Sky Quarry announced discussions with Nevada crude producers. They aim to boost local production. CEO Marcus Laun noted, “Nevada is one of the most import-dependent fuel markets in the country.”
Macro …
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