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

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report)’s share price shot up 23.1% during trading on Friday . The company traded as high as C$0.09 and last traded at C$0.08. 159,908 shares were traded 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 Up 23.1%

The company has a fifty day moving average of C$0.11 and a two-hundred day moving average of C$0.08. The company has a market cap of C$14.41 million, a PE ratio of -0.24 and a beta of -1.98. The company has a debt-to-equity ratio of 17.99, a quick ratio of 9.95 and a current ratio of 0.06.

About Cielo Waste Solutions

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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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