Cielo Waste Solutions (CVE:CMC) Trading 7.7% Higher – Here’s Why

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report)’s share price rose 7.7% during mid-day trading on Monday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 216,591 shares were traded during mid-day trading, an increase of 4% from the average daily volume of 208,615 shares. The stock had previously closed at C$0.07.

Cielo Waste Solutions Trading Up 8.3%

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 firm has a market capitalization of C$11.71 million, a price-to-earnings ratio of -0.20 and a beta of -0.86. The business has a fifty day moving average price of C$0.08 and a 200 day moving average price of C$0.08.

Cielo Waste Solutions Company Profile

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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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