Thermal Energy International (CVE:TMG) Shares Down 31.9% – What’s Next?

Thermal Energy International Inc. (CVE:TMG) shares were down 31.9% during trading on Tuesday . The stock traded as low as C$0.15 and last traded at C$0.16. Approximately 3,552,496 shares were traded during mid-day trading, an increase of 1,210% from the average daily volume of 271,106 shares. The stock had previously closed at C$0.24.

Thermal Energy International Stock Down 31.9 %

The stock has a market cap of C$27.64 million, a P/E ratio of 22.00 and a beta of 0.38. The firm has a 50 day simple moving average of C$0.20 and a two-hundred day simple moving average of 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.