Thu Sep 19 06:11:29 UTC 2024: ## Cielo Waste Solutions Stock Dips 3.3% Amidst Earnings Report

**Toronto, Canada – September 19, 2024** – Shares of Cielo Waste Solutions Corp. (CVE:CMC) closed down 3.3% on Wednesday, ending the day at C$0.15. The company saw a significant drop in trading volume, with only 52,001 shares exchanged, a 29% decline from the average.

The downward movement comes on the heels of the company’s recent quarterly earnings report released on August 29th. Cielo Waste Solutions reported a loss of C$0.03 per share for the quarter. Analysts are predicting a loss of C$0.01 per share for the full year.

Cielo Waste Solutions, formerly known as Cielo Gold Corp., is a Canadian environmental technology company focused on converting waste into fuel. The company utilizes organic material and wood derivative waste to produce fuels such as diesel, naphtha, and kerosene.

Despite the recent stock dip, Cielo Waste Solutions continues to operate in a market with growing demand for sustainable fuel solutions. The company’s market cap currently sits at C$17.36 million, with a P/E ratio of -1.04 and a beta of 2.83.

Investors will be watching closely to see how Cielo Waste Solutions navigates the evolving market landscape and whether it can deliver on its promise of environmentally-friendly fuel production.

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