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

Thermal Energy International Inc. (CVE:TMG)’s share price traded down 31.9% during mid-day trading on Tuesday . The stock traded as low as C$0.15 and last traded at C$0.16. 3,499,896 shares changed hands during mid-day trading, an increase of 1,221% from the average session volume of 264,904 shares. The stock had previously closed at C$0.24.

Thermal Energy International Price Performance

The stock’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. The stock has a market capitalization of C$26.77 million, a PE ratio of 22.00 and a beta of 0.38.

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.