Cielo Waste Solutions (CVE:CMC) Stock Price Up 16.7% – What’s Next?

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report)’s share price was up 16.7% during mid-day trading on Thursday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 237,716 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 214,214 shares. The stock had previously closed at C$0.06.

Cielo Waste Solutions Price Performance

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 50 day simple moving average of C$0.08 and a 200 day simple moving average of C$0.08. The stock has a market cap of C$12.61 million, a P/E ratio of -0.21 and a beta of -0.86.

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. in August 2013. Cielo Waste Solutions Corp. was incorporated in 2011 and is based in Calgary, Canada.

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