Cielo Waste Solutions (CVE:CMC) Hits New 12-Month Low – Should You Sell?

Cielo Waste Solutions Corp. (CVE:CMCGet Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 21093 shares changing hands. The stock had previously closed at C$0.06.

Cielo Waste Solutions Stock Performance

The company has a debt-to-equity ratio of 17.99, a quick ratio of 9.95 and a current ratio of 0.06. The business’s 50 day moving average price is C$0.09 and its two-hundred day moving average price is C$0.11. The company has a market capitalization of C$6.14 million, a price-to-earnings ratio of -0.32 and a beta of 2.82.

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.

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