Cielo Waste Solutions (CVE:CMC) Shares Up 17.6% – Here’s Why

Shares of Cielo Waste Solutions Corp. (CVE:CMC) shot up 17.6% during trading on Thursday . The company traded as high as C$0.13 and last traded at C$0.10. 304,054 shares were traded during trading, an increase of 138% from the average session volume of 127,850 shares. The stock had previously closed at C$0.09.

Cielo Waste Solutions Trading Down 10.0%

The company has a debt-to-equity ratio of -38.50, a current ratio of 0.14 and a quick ratio of 9.95. The business’s 50 day moving average is C$0.07 and its 200 day moving average is C$0.09. The stock has a market cap of C$17.30 million, a price-to-earnings ratio of -0.69 and a beta of -0.76.

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.