Cielo Waste Solutions Corp (CWSFF) Stock Jumps To New High: How Far Can it Go?

Those who are currently looking for stocks which might have performed well over several weeks then it might be the right time to look into the Cielo Waste Solutions Corp (OTCMKTS:CWSFF) stock.

The stock was on the move yesterday and went up by 8%. That took its gains over the course of the past month to as much as 60%. In this regard, it is important to point out that the rally in the stock really started after the company announced in June that it was granted conditional approval by way of which it could list its stock on the TSX Venture Exchange.

However, it should be noted, that at the time of the announcement, Cielo Waste Solutions had pointed out that the approval was conditional upon the fulfilment of certain conditions.

At the time, the company had announced that it was going to make another announcement after the bulleting had been issued by the TSX Venture Exchange with regards to the date on which the stock could start trading. On the other hand, Cielo Waste Solutions is also going to apply for delisting its common stock from the Canadian Securities Exchange. It will be interesting to see if the stock can add to its gains today.

Market Reaction:

On Tuesday, CWSFF stock moved up 8% at $1.23 with more than 2.47 million shares, compared to its average volume of 678K shares. The stock had moved within a range of $1.1300 – 1.3200 after opening the trade at $1.20. Over the past 52-week, the stock has been trading within a range of $0.0250 – 1.3200.

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