Cielo Waste Solutions (CMC.V) Stock In Price Increase Significantly: Investment Chance?

The stock of Cielo Waste Solutions (CMC.V), after declining slightly from C$0.9100 on June 14 to C$0.8700 on June 17, the price significantly rose to C$1.1100. However, the stock fell considerably from C$1.1100 to C$0.9700 on June 25. Despite this, the price increased by fluctuating to C$1.3700 on July 5. Finally, after decreasing from C$1.3700 to C$1.2500 on July 8, the price climbed gradually to C$1.4300 on July 13. During one month the peak of stock Cielo Waste Solutions was C$1.4300 and the lowest was C$0.8700.On July 8, Cielo Waste Solutions (CMC.V) gave an update on its plants in Aldersyde and Edmonton (Ft. Saskatchewan). Cielo is currently working on three immediate initiatives at the assets. There is desulphurization at the Aldersyde facility, the Aldersyde plant has been producing diesel from the distillate storage tank and the Aldersyde facility has a continuously designed production of 24,000 liters per day. Development and construction of the Company’s new Edmonton (Ft. The saskatchewan) facility, which it owns 100%.

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Cielo is a publicly listed firm that uses proprietary technology to convert landfill waste into renewable high-grade diesel, kerosene (aviation and marine fuel), and naphtha. Cielo’s unique technique is currently in use at the company’s Aldersyde, Alberta facility, where wood waste is being turned into renewable fuels. Cielo’s mission is to provide renewable fuel while also removing undesirable and problematic waste from the environment

Jack Dawkins

Finance and Tech Contributor

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