Cielo Waste Solutions (CVE:CMC) Stock Price Down 5% – Here’s What Happened

Cielo Waste Solutions Corp. (CVE:CMC) shares fell 5% on Friday . The company traded as low as C$0.09 and last traded at C$0.10. 205,116 shares traded hands during trading, a decline of 3% from the average session volume of 210,528 shares. The stock had previously closed at C$0.10.

Cielo Waste Solutions Stock Performance

The company has a current ratio of 0.06, a quick ratio of 9.95 and a debt-to-equity ratio of 17.99. The stock has a market capitalization of C$16.21 million, a price-to-earnings ratio of -0.27 and a beta of -1.04. The firm’s fifty day moving average price is C$0.10 and its 200 day moving average price is C$0.08.

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.