Cielo Waste Solutions (CVE:CMC) Stock Price Down 3.3% – Here’s What Happened

Cielo Waste Solutions Corp. (CVE:CMC)’s stock price dropped 3.3% during trading on Thursday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 95,876 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 72,384 shares. The stock had previously closed at C$0.15.

Cielo Waste Solutions Trading Down 3.3 %

The company has a 50-day moving average of C$0.16 and a 200 day moving average of C$0.23. The company has a debt-to-equity ratio of 11.10, a current ratio of 0.10 and a quick ratio of 9.95. The company has a market cap of C$17.36 million, a PE ratio of -2.42 and a beta of 2.82.

Cielo Waste Solutions (CVE:CMC) last announced its earnings results on Thursday, August 29th. The company reported C($0.03) EPS for the quarter. Analysts predict that Cielo Waste Solutions Corp. will post -0.01 earnings per share for the current year.

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.