Cielo Waste Solutions (CVE:CMC) Trading 33.3% Higher – What’s Next?

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report) shares were up 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 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 Price Performance

The firm has a 50 day moving average price of C$0.06 and a two-hundred day moving average price of 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 quick ratio of 9.95 and a current ratio of 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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