Cielo Waste Solutions (CVE:CMC) Trading 9.1% Higher – Here’s Why

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report)’s stock price was up 9.1% during trading on Monday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 136,083 shares traded hands during mid-day trading, an increase of 104% from the average daily volume of 66,785 shares. The stock had previously closed at C$0.06.

Cielo Waste Solutions Stock Up 9.1 %

The company has a debt-to-equity ratio of 17.99, a current ratio of 0.06 and a quick ratio of 9.95. The firm’s 50 day moving average price is C$0.09 and its two-hundred day moving average price is C$0.11. The firm has a market cap of C$6.70 million, a price-to-earnings ratio of -0.35 and a beta of 2.82.

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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