Cielo Waste Solutions Corp. experienced a significant surge in its share price, rising by 23.1% during trading on Saturday. The stock reached a high of C$0.09 before settling at approximately C$0.08 by the close of trading. This increase follows a previous closing price of C$0.07 and coincides with heightened trading activity, as around 159,908 shares changed hands, marking a 71% increase compared to the average daily volume of 93,562 shares.
Market Performance and Financial Metrics
Cielo Waste Solutions, which operates as a waste-to-fuel environmental technology company based in Calgary, Canada, holds a market capitalization of approximately C$14.41 million. The company’s financial metrics reveal a price-to-earnings (P/E) ratio of -0.24 and a beta value of -1.04, indicating its stock price movements in relation to the broader market. The company also reports a high debt-to-equity ratio of 17.99, alongside a current ratio of 0.06 and a quick ratio of 9.95.
Cielo Waste Solutions has a 50-day moving average price of C$0.11 and a 200-day moving average price of C$0.08, suggesting fluctuations in its trading performance over recent months.
About Cielo Waste Solutions
Founded in 2011, Cielo Waste Solutions specializes in converting various waste feedstocks, including organic materials and wood derivatives, into valuable fuels such as diesel, naphtha, and kerosene. The company originally operated under the name Cielo Gold Corp. but rebranded to Cielo Waste Solutions Corp. in August 2013. This shift reflects its commitment to environmental sustainability and innovation in waste management.
As the demand for sustainable fuel alternatives continues to grow, Cielo Waste Solutions’ recent stock performance may signal increased investor interest in companies focused on eco-friendly technologies. The firm aims to play a critical role in transforming waste into energy, contributing to a greener future.
