Cielo Waste Solutions (CVE:CMC) Trading Down 10% – Should You Sell?

Shares of Cielo Waste Solutions Corp. (CVE:CMCGet Free Report) were down 10% during trading on Friday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 266,176 shares changed hands during mid-day trading, an increase of 24% from the average daily volume of 215,006 shares. The stock had previously closed at C$0.10.

Cielo Waste Solutions Trading Down 10.0%

The firm has a market capitalization of C$16.21 million, a P/E ratio of -0.27 and a beta of -1.04. The stock has a 50-day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.08. 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

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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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