Cielo Waste Solutions (CVE:CMC) Trading Up 7.7% – Still a Buy?

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report)’s stock price shot up 7.7% during trading on Monday . The stock traded as high as C$0.07 and last traded at C$0.07. 216,591 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 208,615 shares. The stock had previously closed at C$0.07.

Cielo Waste Solutions Trading Up 8.3%

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 has a market cap of C$11.71 million, a price-to-earnings ratio of -0.20 and a beta of -0.86. The business has a 50 day moving average price of C$0.08 and a 200-day moving average price of C$0.08.

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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