Cielo Waste Solutions (CVE:CMC) Shares Up 94.7% – Should You Buy?

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report) was up 94.7% during mid-day trading on Saturday . The stock traded as high as C$0.20 and last traded at C$0.19. Approximately 1,456,885 shares changed hands during mid-day trading, an increase of 1,595% from the average daily volume of 85,968 shares. The stock had previously closed at C$0.10.

Cielo Waste Solutions Stock Performance

The stock has a market cap of C$27.90 million, a price-to-earnings ratio of -0.42 and a beta of -1.79. The company’s fifty day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.06. 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.

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