Cielo Waste Solutions (CVE:CMC) Trading 94.7% Higher – Still a Buy?

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report) shot 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. 1,456,885 shares were traded 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 Up 94.7%

The business’s 50 day simple moving average is C$0.06 and its 200 day simple moving average is C$0.06. The company has a market capitalization of C$27.90 million, a PE ratio of -0.42 and a beta of -1.79. The company has a quick ratio of 9.95, a current ratio of 0.06 and a debt-to-equity ratio of 17.99.

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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