Thermal Energy International (CVE:TMG) Trading 17.2% Higher – Still a Buy?

Thermal Energy International Inc. (CVE:TMG) was up 17.2% on Tuesday . The stock traded as high as C$0.18 and last traded at C$0.17. Approximately 522,733 shares were traded during mid-day trading, an increase of 320% from the average daily volume of 124,366 shares. The stock had previously closed at C$0.15.

Thermal Energy International Price Performance

The business has a fifty day moving average price of C$0.13 and a 200 day moving average price of C$0.14. The company has a debt-to-equity ratio of 85.01, a current ratio of 1.48 and a quick ratio of 1.19. The company has a market capitalization of C$32.35 million, a price-to-earnings ratio of -190.00 and a beta of -0.26.

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.