Cielo Waste Solutions (CVE:CMC) Shares Up 33.3% – Here’s What Happened

Shares of Cielo Waste Solutions Corp. (CVE:CMC) shot up 33.3% during mid-day trading on Saturday . The company traded as high as C$0.10 and last traded at C$0.08. 422,515 shares traded hands during mid-day trading, an increase of 459% from the average session volume of 75,623 shares. The stock had previously closed at C$0.06.

Cielo Waste Solutions Stock Performance

The stock has a market capitalization of C$12.06 million, a P/E ratio of -0.18 and a beta of -1.79. The company has a debt-to-equity ratio of 17.99, a quick ratio of 9.95 and a current ratio of 0.06. The company’s fifty day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.06.

About Cielo Waste Solutions

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.