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Cielo Waste Solutions shares jumped 23% on Friday on strong volume, despite financial risks.
Cielo Waste Solutions (CVE:CMC) shares surged 23.1% on Friday, closing at C$0.08 after reaching a high of C$0.09, with trading volume 71% above average.
The Calgary-based waste-to-fuel company converts organic and wood waste into diesel, naphtha, and kerosene.
Despite a negative P/E ratio, high debt-to-equity ratio, and volatile beta of -1.98, the stock's market cap stands at C$14.41 million.
The rally sparked speculation about its investment potential, though no clear recommendation was made.
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Las acciones de Cielo Waste Solutions saltaron un 23% el viernes por un fuerte volumen, a pesar de los riesgos financieros.