Cielo Waste Solutions (CVE:CMC) Stock Price Down 10% – Time to Sell?

Shares of Cielo Waste Solutions Corp. (CVE:CMC) were down 10% during mid-day trading on Friday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 316,512 shares changed hands during mid-day trading, an increase of 148% from the average daily volume of 127,595 shares. The stock had previously closed at C$0.10.

Cielo Waste Solutions Trading Down 10.0%

The stock has a market capitalization of C$17.30 million, a P/E ratio of -0.69 and a beta of -0.76. The company has a debt-to-equity ratio of -38.50, a current ratio of 0.14 and a quick ratio of 9.95. The business’s 50 day simple moving average is C$0.07 and its 200-day simple moving average is C$0.09.

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.