Sky Quarry Inc SKYQ
$2.75 $0.07 (2.61%) 1D
Last Updated: Aug 21, 12:00 AM·NASDAQ
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SKYQ Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Sky Quarry Inc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Sky Quarry Inc. Stock Analysis SKYQ
United States Energy Nano Cap Sky Quarry, Inc. is an energy solutions company, which engages in deploying technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils, providing sustainable refined crude products. The company is headquartered in Woods Cross, Utah and currently employs 26 full-time employees. The company went IPO on 2024-10-10. The firm and its subsidiaries are engaged in oil production, refining, and a development-stage environmental remediation, which is formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. The company focuses on converting waste into sustainable oil and other resources. The company has a daily production capacity of 5,000 barrels per day (bpd). The firm's refinery converts heavy crude oil into diesel and petroleum products, including naphtha, vacuum gas oil (VGO), and paving asphalt liquids from sustainable feedstock. The company owns two substantial processing facilities: an oil extraction facility with significant hydrocarbon resources, and an oil refinery in Nevada. Its closed loop recycling process recovers both material and oil, using its proprietary extraction technology. Its subsidiaries include 2020 Resources (Canada) Ltd. and 2020 Resources LLC.
Sky Quarry Inc (SKYQ) Chart
Financial Metrics & Statements of Sky Quarry Inc (SKYQ)
FAQ's for Sky Quarry Inc (SKYQ)
- As of August 2026, Sky Quarry Inc SKYQ is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Sky Quarry Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Sky Quarry Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Sky Quarry Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Sky Quarry Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Sky Quarry Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Sky Quarry Inc (SKYQ)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
