Cielo Waste Solutions (CVE:CMC) Shares Up 94.7% – What’s Next?

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

Cielo Waste Solutions Stock Performance

The firm’s 50 day moving average is C$0.06 and its 200-day moving average is C$0.06. The stock has a market capitalization of C$27.90 million, a price-to-earnings ratio of -0.42 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.

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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