Thermal Energy International (CVE:TMG) Shares Down 23.4% – Here’s Why

Thermal Energy International Inc. (CVE:TMG) was down 23.4% during trading on Tuesday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 366,576 shares were traded during trading, an increase of 300% from the average daily volume of 91,620 shares. The stock had previously closed at C$0.24.

Thermal Energy International Stock Performance

The stock has a fifty day moving average price of C$0.20 and a 200 day moving average price of C$0.21. The firm has a market cap of C$26.77 million, a price-to-earnings ratio of 22.00 and a beta of 0.38. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 113.80.

About Thermal Energy International

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.