Cielo Waste Solutions ( (TSE:CMC) ) has provided an announcement.
Cielo Waste Solutions Corp. has issued a statement to counter what it claims are misleading assertions made by Expander Energy Inc. in a recent press release. Cielo argues that Expander’s statements contain material misstatements and are detrimental to the company and its shareholders. The company is taking steps to protect its interests and invites constructive dialogue with all shareholders, including Expander. Cielo has retained legal advisors and continues to review a requisition from Expander seeking shareholder approval for Expander to become a ‘Control Person’ of the company, which Cielo views as a concerning move.
Spark’s Take on TSE:CMC Stock
According to Spark, TipRanks’ AI Analyst, TSE:CMC is a Underperform.
Cielo Waste Solutions is significantly challenged by its poor financial health, weak technical performance, and negative valuation metrics. The proposed board overhaul adds further uncertainty and potential instability. Overall, the stock faces substantial risks, and its prospects appear dim.
To see Spark’s full report on TSE:CMC stock, click here.
More about Cielo Waste Solutions
Cielo Waste Solutions is a publicly traded company that focuses on transforming waste materials into high-value renewable fuels. The company aims to address global waste challenges, contribute to the circular economy, and reduce carbon emissions. Cielo is committed to leading the wood by-product-to-fuels industry using environmentally friendly and economically sustainable technologies.
YTD Price Performance: -45.00%
Average Trading Volume: 62,379
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$6.47M
Learn more about CMC stock on TipRanks’ Stock Analysis page.