Cielo Waste Solutions (CVE:CMC) Shares Up 23.1% – Still a Buy?

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report)’s share price traded up 23.1% during trading on Saturday . The stock traded as high as C$0.09 and last traded at C$0.08. 159,908 shares traded hands during 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 Stock Performance

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 stock has a fifty day simple moving average of C$0.11 and a two-hundred day simple moving average of C$0.08. The firm has a market capitalization of C$14.41 million, a P/E 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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