Cielo Waste Solutions (CVE:CMC) Trading Up 9.1% – Still a Buy?

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

Cielo Waste Solutions Trading Up 9.1 %

The firm has a 50-day moving average price of C$0.09 and a 200-day moving average price of C$0.11. The company has a current ratio of 0.06, a quick ratio of 9.95 and a debt-to-equity ratio of 17.99. The stock has a market capitalization of C$6.70 million, a PE 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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