Cielo Waste Solutions Corp. experienced a notable increase in its share price, rising by 23.1% during trading on Saturday. The stock reached a high of C$0.09 before closing at C$0.08, marking a significant uplift from its previous closing price of C$0.07. Trading volume also surged, with approximately 159,908 shares exchanged, representing a 71% increase compared to the average daily volume of 93,562 shares.
Market Performance Overview
The firm’s current market capitalization stands at approximately C$14.41 million. Cielo Waste Solutions has a price-to-earnings (P/E) ratio of -0.24, indicating that the company is currently unprofitable. Additionally, it has a beta of -1.04, suggesting that its stock price tends to be less volatile than the broader market.
Financial metrics show that Cielo Waste Solutions has a debt-to-equity ratio of 17.99, which may raise concerns regarding its leverage. The company’s current ratio is notably low at 0.06, while its quick ratio is much higher at 9.95, indicating a strong ability to meet short-term obligations.
Company Profile and Operations
Founded in 2011 and based in Calgary, Canada, Cielo Waste Solutions operates as a waste-to-fuel environmental technology company. It focuses on converting various waste feedstocks—including organic materials and wood derivative waste—into useful fuel products such as diesel, naphtha, and kerosene.
The company underwent a significant rebranding in August 2013, changing its name from Cielo Gold Corp. to reflect its new focus on waste management and renewable energy solutions. Cielo Waste Solutions is positioned within the growing sector of environmentally sustainable technologies, aiming to address the challenges of waste disposal and energy production.
As the company continues its operations, it remains to be seen how these recent stock movements will affect its strategic direction and overall growth trajectory in the competitive renewable energy landscape.
