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The waste management industry can play a critical role to manage residual and left over produce from industries and society through advanced technologies and eco-friendly products. The Canadian government has been supporting such green ventures via funding and subsidies to push its target of zero-emission by 2050.
Once industries reopen post vaccination drive, firms will once again generate tons of waste, which could boost the demand for wide-ranging waste management facilities.
Here are two waste management stocks that have already created a buzz in the Canadian stock market:
Current Water Technologies Inc. (TSXV:WATR)
The company provides environmental technology to treat wastewater from municipalities and industries. The Ontario-based waste management generates its income from hydraulic fluid systems.
The green stock amplified approximately 93 per cent on Monday, with a massive one-day volume of 28.32 million. It hit a 52-week high of C$ 0.16 per share during the intraday session.
The stock is up as much as 440 per cent in one year and has bounced by over 800 per cent from its 52-week low. Its current stock price is C$ 0.135 per piece.
On February 26, the company announced a private placement of 32 million units at C$ 0.05 apiece to raise up to C$ 1.6 million.
Source: Copyright © 2021 Kalkine Media Pty Ltd.
Cielo Waste Solutions Corp. (CSE: CMC)
This firm offers tech solutions to recycle municipal and construction waste into renewable fuels. The Vancouver-based waste management company’s stock more than doubled last week as the company reported a sale of renewable fuels of over 900,000 liters for C$ 1.5 million on February 23.
The stock rally has continued in March, posting a surge of over 42 per cent on Monday, March 1. Its one-day volume is 50+ million.
Cielo’s one-year return has skyrocketed to 1500 per cent.
The shares have swelled over 1322 per cent this year, with an average volume of 10.83 million for the last 30 days. Its market cap has gained multiple folds to C$ 451 million.
The stock registered its 52-week high of C$ 1.62 per share on Monday and ended its trading session at C$ 1.28 per piece. It is up with an eye-popping increase of 25,500 per cent compared to its 52-week low of C$ 0.005 per common share.
