Cielo Waste Solutions (CVE:CMC) Stock Price Up 84.2% – Time to Buy?

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report) shares rose 84.2% during mid-day trading on Friday . The stock traded as high as C$0.19 and last traded at C$0.18. Approximately 1,215,957 shares changed hands during trading, an increase of 1,352% from the average daily volume of 83,720 shares. The stock had previously closed at C$0.10.

Cielo Waste Solutions Stock Up 94.7%

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 firm has a market cap of C$27.90 million, a P/E ratio of -0.42 and a beta of -1.79. The company’s 50 day simple moving average is C$0.06 and its 200-day simple moving average is C$0.06.

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.

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