Cielo Waste Solutions (CVE:CMC) Trading Up 16.7% – Should You Buy?

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report) rose 16.7% during trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 237,716 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 214,214 shares. The stock had previously closed at C$0.06.

Cielo Waste Solutions Stock Performance

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’s fifty day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.08. The stock has a market capitalization of C$12.61 million, a P/E ratio of -0.21 and a beta of -0.86.

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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