The Cielo Waste Solutions Corp (OTCMKTS:CWSFF) is in the middle of a strong move this morning and has already clocked gains of 6%. The rally in the stock has been triggered by the announcement from the company with regards to the fact that it has been granted final approval to list its shares on the TSX Venture Exchange.
The shares are going to start trading on the exchange from June 24. The news has resulted in considerable in the stock this morning and it is going to be interesting to see if it can continue to add to its gain.
While the Cielo stock is up by 8% this morning, it is also important for investors to keep in mind that that the stock has actually been on a massive rally for the past six month and has clocked gains of 932% during this period.
Once it starts trading on the TSX Venture Exchange, the ticker symbol, ‘CMC’, is going to remain the same. On the other hand, the Cielo stock will continue to trade in the United States at the OTCQB exchange.
Key Quote:
Don Allan, CEO, commented: “We wish to thank everyone at the TSXV for their help and guidance in completing our listing in a timely manner.”
Market Reaction:
As of 10.43, CLNV stock gained 5.60% to $0.8102 with more than 739k shares, compared to its average volume of 629K shares. The stock has moved within a range of $0.7931 – 0.8401 after opening the trade at $0.8200.
 Stock Turns Higher: Will The Rally Continbue?){kind=link}