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

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

Cielo Waste Solutions Stock Up 33.3%

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 stock has a market cap of C$12.06 million, a P/E ratio of -0.18 and a beta of -1.79. The firm has a 50-day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.06.

About Cielo Waste Solutions

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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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