Thermal Energy International (CVE:TMG) Trading Down 31.9% – Here’s Why

Shares of Thermal Energy International Inc. (CVE:TMG) were down 31.9% during trading on Tuesday . The company traded as low as C$0.15 and last traded at C$0.16. Approximately 3,501,896 shares were traded during trading, an increase of 1,206% from the average daily volume of 268,075 shares. The stock had previously closed at C$0.24.

Thermal Energy International Stock Down 31.9 %

The firm has a market capitalization of C$27.64 million, a PE ratio of 22.00 and a beta of 0.38. The firm’s 50-day moving average is C$0.20 and its 200 day moving average is C$0.21. The company has a debt-to-equity ratio of 113.80, a quick ratio of 1.19 and a current ratio of 1.33.

Thermal Energy International Company Profile

Thermal Energy International Inc engages in the development, engineering, and supply of pollution control products, heat recovery systems, and condensate return solutions in North America, Europe, and internationally. Its products include GEM steam traps; FLUACE, a direct contact condensing heat recovery system that recycles the heat lost through the boiler flue gas exhaust; DRY-REX, a low temperature biomass dryer; boiler feedwater economizer; vent condenser; boiler blowdown heat recovery; Heat Recovery Steam Generator; indirect contact condensing heat recovery; air to air heat exchange; and sofame products.