Cielo Waste Solutions (CVE:CMC) Stock Price Up 94.7% – Here’s Why

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report) shares rose 94.7% on Saturday . The stock traded as high as C$0.20 and last traded at C$0.19. Approximately 1,456,885 shares traded hands during 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 Up 94.7%

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 firm’s 50-day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.06. The company has a market capitalization of C$27.90 million, a price-to-earnings ratio of -0.42 and a beta of -1.79.

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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