Thermal Energy International (CVE:TMG) Shares Down 31.9% – Should You Sell?

Shares of Thermal Energy International Inc. (CVE:TMG) traded down 31.9% on Tuesday . The stock traded as low as C$0.15 and last traded at C$0.16. 3,138,354 shares changed hands during mid-day trading, an increase of 1,173% from the average session volume of 246,546 shares. The stock had previously closed at C$0.24.

Thermal Energy International Stock Down 31.9 %

The business’s 50-day simple moving average is C$0.20 and its 200 day simple moving average is C$0.21. The firm has a market cap of C$27.64 million, a PE 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.

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.