Cielo Waste Solutions (CVE:CMC) Shares Up 23.1% – Here’s Why

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report) rose 23.1% during trading on Saturday . The company traded as high as C$0.09 and last traded at C$0.08. Approximately 159,908 shares traded hands during trading, an increase of 71% from the average daily volume of 93,562 shares. The stock had previously closed at C$0.07.

Cielo Waste Solutions Stock Up 23.1%

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 capitalization of C$14.41 million, a PE ratio of -0.24 and a beta of -1.98. The stock’s 50 day moving average is C$0.11 and its 200 day moving average is C$0.08.

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. in August 2013. Cielo Waste Solutions Corp. was incorporated in 2011 and is based in Calgary, Canada.

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