Cielo Waste Solutions (CVE:CMC) Stock Price Down 10% – Here’s Why

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report)’s share price fell 10% during mid-day trading on Friday . The stock traded as low as C$0.09 and last traded at C$0.09. 191,811 shares traded hands during trading, a decline of 8% from the average session volume of 208,711 shares. The stock had previously closed at C$0.10.

Cielo Waste Solutions Price Performance

The company’s 50 day moving average price is C$0.10 and its 200 day moving average price is C$0.08. The company has a debt-to-equity ratio of 17.99, a quick ratio of 9.95 and a current ratio of 0.06. The company has a market cap of C$16.21 million, a price-to-earnings ratio of -0.27 and a beta of -1.04.

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

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