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

Cielo Waste Solutions Corp. (CVE:CMC)’s share price shot up 23.1% during mid-day trading on Saturday . The stock traded as high as C$0.09 and last traded at C$0.08. 159,908 shares were traded 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 Price Performance

The company has a quick ratio of 9.95, a current ratio of 0.06 and a debt-to-equity ratio of 17.99. The firm’s fifty day moving average price is C$0.11 and its 200 day moving average price is C$0.08. The stock has a market cap of C$14.41 million, a PE ratio of -0.24 and a beta of -1.98.

Cielo Waste Solutions Company Profile

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.