Cielo Waste Solutions (CVE:CMC) Shares Up 23.1% – Here’s What Happened

Shares of Cielo Waste Solutions Corp. (CVE:CMC) traded up 23.1% on Saturday . The company traded as high as C$0.09 and last traded at C$0.08. 159,908 shares traded 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 Stock Performance

The stock has a market cap of C$14.41 million, a price-to-earnings ratio of -0.24 and a beta of -1.98. The stock’s 50-day simple moving average is C$0.11 and its two-hundred day simple moving average is C$0.08. The company has a debt-to-equity ratio of 17.99, a quick ratio of 9.95 and a current ratio of 0.06.

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.