Cielo Waste Solutions (CVE:CMC) Shares Up 16.7% – Here’s What Happened

Shares of Cielo Waste Solutions Corp. (CVE:CMC) rose 16.7% during trading on Thursday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 237,716 shares were traded 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 Stock Up 16.7%

The firm’s 50 day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.08. The firm has a market cap of C$12.61 million, a price-to-earnings ratio of -0.21 and a beta of -0.86. The company has a current ratio of 0.06, a quick ratio of 9.95 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.