Cielo Waste Solutions (CVE:CMC) Trading 16.7% Higher – Time to Buy?

Cielo Waste Solutions Corp. (CVE:CMC) shares were up 16.7% during mid-day trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 237,716 shares were traded during trading, an increase of 11% from the average daily volume of 214,214 shares. The stock had previously closed at C$0.06.

Cielo Waste Solutions Stock Performance

The firm’s 50-day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.08. The company has a market cap of C$12.61 million, a PE ratio of -0.21 and a beta of -0.86. The company has a current ratio of 0.06, a quick ratio of 9.95 and a debt-to-equity ratio of 17.99.

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.