Cielo Waste Solutions (CVE:CMC) Trading 10% Higher – Here’s What Happened

Shares of Cielo Waste Solutions Corp. (CVE:CMCGet Free Report) traded up 10% during mid-day trading on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. 212,173 shares were traded during mid-day trading, an increase of 270% 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 company 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 current ratio of 0.06, a quick ratio of 9.95 and a debt-to-equity ratio of 17.99. The business has a fifty day moving average of C$0.06 and a two-hundred 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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