Cielo Waste Solutions (CVE:CMC) Stock Price Up 33.3% – Still a Buy?

Cielo Waste Solutions Corp. (CVE:CMC)’s stock price rose 33.3% during mid-day trading on Saturday . The stock traded as high as C$0.10 and last traded at C$0.08. Approximately 422,515 shares traded hands during 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 Trading Up 33.3%

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

Cielo Waste Solutions Company Profile

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.