Cielo Waste Solutions (CVE:CMC) Trading Up 23.1% – Should You Buy?

Cielo Waste Solutions Corp. (CVE:CMC) shares traded up 23.1% during trading on Friday . The company traded as high as C$0.09 and last traded at C$0.08. 159,908 shares were traded during mid-day trading, an increase of 71% from the average session volume of 93,562 shares. The stock had previously closed at C$0.07.

Cielo Waste Solutions Stock Performance

The company’s fifty day moving average is C$0.11 and its 200 day moving average is C$0.08. 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 company has a market cap of C$14.41 million, a P/E ratio of -0.24 and a beta of -1.04.

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.