Cielo Waste Solutions (CVE:CMC) Trading 23.1% Higher – What’s Next?

Cielo Waste Solutions Corp. (CVE:CMC)’s stock price was up 23.1% on Saturday . The company traded as high as C$0.09 and last traded at C$0.08. Approximately 159,908 shares changed hands during mid-day 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 Performance

The stock has a 50-day moving average of C$0.11 and a 200 day moving average of C$0.08. 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 stock has a market capitalization of C$14.41 million, a price-to-earnings ratio of -0.24 and a beta of -1.98.

Cielo Waste Solutions Company Profile

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.