Cielo Waste Solutions (CVE:CMC) Trading Up 16.7% – Here’s Why

Shares of Cielo Waste Solutions Corp. (CVE:CMC) shot up 16.7% during trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. 237,716 shares were traded during trading, an increase of 11% from the average session volume of 214,214 shares. The stock had previously closed at C$0.06.

Cielo Waste Solutions Stock Performance

The stock’s fifty day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.08. The company has a market cap of C$12.61 million, a price-to-earnings ratio of -0.21 and a beta of -0.86. The company has a debt-to-equity ratio of 17.99, a quick ratio of 9.95 and a current ratio of 0.06.

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.