Cielo Waste Solutions (CVE:CMC) Trading 23.1% Higher – Still a Buy?

Cielo Waste Solutions Corp. (CVE:CMC) traded up 23.1% during mid-day trading on Friday . The stock traded as high as C$0.09 and last traded at C$0.08. 159,908 shares traded hands during trading, an increase of 71% from the average session volume of 93,562 shares. The stock had previously closed at C$0.07.

Cielo Waste Solutions Stock Performance

The firm’s fifty day simple moving average is C$0.11 and its 200 day simple moving average is C$0.08. 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 company has a market capitalization of C$14.41 million, a price-to-earnings ratio of -0.24 and a beta of -1.98.

About Cielo Waste Solutions

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. in August 2013. Cielo Waste Solutions Corp. was incorporated in 2011 and is based in Calgary, Canada.