Cielo Waste Solutions (CVE:CMC) Trading 100% Higher – Should You Buy?

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report) shares traded up 100% during mid-day trading on Friday . The company traded as high as C$0.19 and last traded at C$0.19. 1,005,092 shares changed hands during mid-day trading, an increase of 1,101% from the average session volume of 83,720 shares. The stock had previously closed at C$0.10.

Cielo Waste Solutions Price Performance

The business has a fifty day moving average price of C$0.06 and a 200-day moving average price of C$0.06. 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 stock has a market capitalization of C$27.90 million, a PE ratio of -0.42 and a beta of -1.79.

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.

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