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

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report) shares were up 16.7% on Friday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 237,716 shares traded hands during 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 Price Performance

The firm has a market capitalization of C$12.61 million, a P/E ratio of -0.21 and a beta of -0.86. The stock’s 50 day simple moving average is C$0.08 and its 200 day simple moving average 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.

Cielo Waste Solutions Company Profile

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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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