Cielo Waste Solutions (CVE:CMC) Trading Down 11.1% – What’s Next?

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report) shares dropped 11.1% during trading on Monday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 133,337 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 131,857 shares. The stock had previously closed at C$0.09.

Cielo Waste Solutions Stock Up 12.5%

The stock has a market capitalization of C$17.30 million, a price-to-earnings ratio of -0.69 and a beta of -0.81. The business has a fifty day moving average of C$0.07 and a 200 day moving average of C$0.09. The company has a debt-to-equity ratio of -38.50, a current ratio of 0.14 and a quick ratio of 9.95.

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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