Marcus G. Laun, Executive Vice President of Sky Quarry Inc. (OTC:SKYQ), recently expanded his holdings in the company. According to a recent SEC filing, Laun purchased 1,200 shares of common stock on December 3 at a price of $0.94 per share, totaling approximately $1,128. The purchase comes as the stock trades near its 52-week low of $0.82, having declined about 79% year-to-date according to InvestingPro data. Following this transaction, Laun now owns 1,292,978 shares directly. Sky Quarry Inc. is engaged in hazardous waste management and is headquartered in Woods Cross, Utah. InvestingPro analysis reveals the company faces significant financial challenges, with a weak overall health score and rapid cash burn rate. Get access to 13 additional ProTips and comprehensive insider trading analysis with InvestingPro.
In other recent news, Sky Quarry Inc., an energy solutions firm, has made strategic changes to its finance leadership team. As part of these changes, Darryl Delwo, a Certified Public Accountant with over 28 years of experience, has been appointed as the new Chief Financial Officer. Cyla Apache (NASDAQ:APA), with over six years of controllership experience, has been promoted to Vice President of Finance.
These recent developments are aimed at strengthening the company's financial leadership following its listing as a public company on Nasdaq. Delwo's previous positions include Vice President of Finance at Sky Quarry and CFO of Noralta Technologies Inc. Apache's expertise lies in software implementation, efficient workflow development, and a deep understanding of tax law.
David Sealock, CEO of Sky Quarry, referred to Delwo's promotion as a "natural step" after his tenure as VP of Finance and acknowledged his leadership qualities. He also recognized Apache's potential to contribute to operational excellence and the execution of strategic and financial priorities. These changes reflect Sky Quarry's ongoing efforts to revolutionize waste management and focus on oil production, refining, and environmental remediation technologies.
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