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

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

Cielo Waste Solutions Trading Down 10.0%

The business’s 50-day moving average price is C$0.07 and its two-hundred day moving average price is C$0.09. The company 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.

About Cielo Waste Solutions

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.