Cielo Waste Solutions (CVE:CMC) Trading 33.3% Higher – Here’s Why

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report) rose 33.3% during 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 Price Performance

The firm 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. The stock’s 50-day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.06.

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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