Sky Quarry Surges as Traders Focus on Refinery Restart and SAF Angle

Sky Quarry Inc. (SKYQ) is up 64.1% today. Here is some analysis on what might have caused this price movement. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1812447/000109690626000807/0001096906-26-000807-index.htm))

Analysis: The most likely driver is renewed speculation around Sky Quarry’s planned June 2026 restart of its Foreland refinery, combined with investor interest in its low-carbon fuel and sustainable aviation fuel initiative. There does not appear to be a fresh major SEC filing or earnings release tied to today’s jump, so the size of the move could also reflect momentum trading in a very small float stock. ([nasdaq.com](https://www.nasdaq.com/press-release/nevadas-only-refinery-bets-jet-fuel-sky-quarrys-low-carbon-pivot-2026-06-08))

Details:

Sky Quarry announced a May 7 strategic MOU with Southern Energy Renewables and DevvStream to pursue fuel innovation, refinery integration, recycled hydrocarbons, specialty fuels, and sustainable aviation fuel opportunities. ([nasdaq.com](https://www.nasdaq.com/press-release/sky-quarry-enters-strategic-multi-party-mou-advance-next-generation-fuel-technologies))

Recent company-sponsored market commentary highlighted that the Foreland refinery is the only operating refinery in Nevada and said boiler repairs were complete, with production expected to resume around June 2026. ([nasdaq.com](https://www.nasdaq.com/press-release/nevadas-only-refinery-bets-jet-fuel-sky-quarrys-low-carbon-pivot-2026-06-08))

Sky Quarry’s March 31 quarterly filing said there is substantial doubt about the company’s ability to continue as a going concern and that additional financing is needed, which makes any positive operations update especially important for the stock. ([otcmarkets.com](https://www.otcmarkets.com/filing/conv_pdf?guid=Ovj-k65yvZzmdth&id=19451085))

The stock’s small share count and float after a 1-for-8 reverse split can amplify price swings, which suggests today’s rally may be partly technical as well as fundamental. ([otcmarkets.com](https://www.otcmarkets.com/filing/conv_pdf?guid=Ovj-k65yvZzmdth&id=19451085))

Sources:

SEC, ACCESS Newswire, GlobeNewswire ([sec.gov](https://www.sec.gov/Archives/edgar/data/1812447/000109690626000807/0001096906-26-000807-index.htm))

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SKYQ Hedge Fund Activity

We have seen 6 institutional investors add shares of $SKYQ stock to their portfolio, and 17 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

GEODE CAPITAL MANAGEMENT, LLC removed 84,455 shares (-75.5%) from their portfolio in Q1 2026, for an estimated $217,049
NORTHERN TRUST CORP removed 51,414 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $132,133
VANGUARD GROUP INC added 32,210 shares (+36.0%) to their portfolio in Q4 2025, for an estimated $7,198
INVESTMARK ADVISORY GROUP LLC removed 23,901 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $61,425
JANE STREET GROUP, LLC added 23,655 shares (+151.7%) to their portfolio in Q1 2026, for an estimated $60,793
CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. removed 18,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $4,023
STONEX GROUP INC. removed 17,795 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $45,733

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.