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

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report) shares shot up 33.3% on Saturday . The stock traded as high as C$0.10 and last traded at C$0.08. 422,515 shares were traded 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 Price Performance

The firm’s 50-day moving average is C$0.06 and its two-hundred day moving average is C$0.06. The company has a market cap 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 current ratio of 0.06 and a quick ratio of 9.95.

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.

Further Reading

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