Cielo Waste Solutions (CVE:CMC) Trading 23.1% Higher – Here’s What Happened
by Doug Wharley · The Cerbat GemCielo Waste Solutions Corp. (CVE:CMC – Get Free Report)’s share price was up 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 were traded 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 firm has a fifty day moving average of C$0.11 and a 200-day moving average of C$0.08. The firm has a market cap of C$14.41 million, a P/E ratio of -0.24 and a beta of -1.98. The company has a quick ratio of 9.95, a current ratio of 0.06 and a debt-to-equity ratio of 17.99.
About Cielo Waste Solutions
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.