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

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report) shares shot up 9.1% on Tuesday . The stock traded as high as C$0.06 and last traded at C$0.06. 136,083 shares changed hands 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 Stock Performance

The stock’s 50 day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.11. The company has a market capitalization of C$6.70 million, a P/E ratio of -0.35 and a beta of 2.82. The company has a debt-to-equity ratio of 17.99, a current ratio of 0.06 and a quick ratio of 9.95.

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.

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