Cielo Waste Solutions (CVE:CMC) Shares Up 10% – Here’s Why

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report)’s stock price shot up 10% during mid-day trading on Friday . The company traded as high as C$0.06 and last traded at C$0.06. 227,173 shares changed hands during trading, an increase of 296% from the average session volume of 57,353 shares. The stock had previously closed at C$0.05.

Cielo Waste Solutions Stock Up 20.0%

The firm has a market cap of C$6.70 million, a price-to-earnings ratio of -0.35 and a beta of 2.82. The company has a debt-to-equity ratio of 17.99, a current ratio of 0.06 and a quick ratio of 9.95. The stock has a 50-day moving average of C$0.06 and a 200-day moving average of C$0.08.

Cielo Waste Solutions Company Profile

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Cielo Waste Solutions Corp. operates as a waste-to-fuel environmental technology company in Canada. It converts and transforms waste feedstocks, including organic material and wood derivative waste into fuel, such as diesel, naphtha, and kerosene. The company was formerly known as Cielo Gold Corp. and changed its name to Cielo Waste Solutions Corp.

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