Cielo Waste Solutions shares jumped 16.7% on Thursday amid elevated trading volume, though no clear reason for the surge was given.

Cielo Waste Solutions (CVE:CMC) shares rose 16.7% on Thursday, closing at C$0.07, with trading volume up 11% above average. The Calgary-based waste-to-fuel technology company converts organic and wood waste into diesel, naphtha, and kerosene. Despite a market cap of C$12.61 million and mixed financial indicators—including a negative P/E ratio and high debt-to-equity—no clear reason for the stock’s surge was provided in the article.