Cielo Waste Solutions (CVE:CMC) Shares Up 23.1% – Should You Buy?

Cielo Waste Solutions Corp. (CVE:CMC – Get Free Report)’s share price traded up 23.1% on Friday . The stock traded as high as C$0.09 and last traded at C$0.08. 159,908 shares changed hands during mid-day trading, an increase of 71% from the average session volume of 93,562 shares. The stock had previously closed at C$0.07.

Cielo Waste Solutions Trading Up 23.1%

The company has a debt-to-equity ratio of 17.99, a current ratio of 0.06 and a quick ratio of 9.95. The business has a fifty day moving average of C$0.11 and a 200-day moving average of C$0.08. The stock has a market capitalization of C$14.41 million, a price-to-earnings ratio of -0.24 and a beta of -1.98.

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

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