Cielo Waste Solutions (CVE:CMC) Shares Up 94.7% – Here’s What Happened

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report) shot up 94.7% during trading on Saturday . The company traded as high as C$0.20 and last traded at C$0.19. 1,456,885 shares changed hands during mid-day trading, an increase of 1,595% from the average session volume of 85,968 shares. The stock had previously closed at C$0.10.

Cielo Waste Solutions Trading Up 94.7%

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$27.90 million, a price-to-earnings ratio of -0.42 and a beta of -1.79. The company’s fifty day moving average is C$0.06 and its two-hundred day moving average is C$0.06.

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.

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