Cielo Waste Solutions (CVE:CMC) Stock Price Up 33.3% – What’s Next?

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report) shot up 33.3% during mid-day trading on Saturday . The company traded as high as C$0.10 and last traded at C$0.08. 422,515 shares were traded during trading, an increase of 459% from the average session volume of 75,623 shares. The stock had previously closed at C$0.06.

Cielo Waste Solutions Price Performance

The company has a market cap of C$12.06 million, a price-to-earnings ratio of -0.18 and a beta of -1.79. The company has a quick ratio of 9.95, a current ratio of 0.06 and a debt-to-equity ratio of 17.99. The company’s fifty day moving average price is C$0.06 and its two-hundred day moving average price is C$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.

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