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

Thermal Energy International Inc. (CVE:TMG) shares dropped 31.9% during mid-day trading on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.16. Approximately 3,552,496 shares were traded during 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 Price Performance

The stock’s fifty day moving average price is C$0.20 and its 200-day moving average price is C$0.21. The company has a debt-to-equity ratio of 113.80, a current ratio of 1.33 and a quick ratio of 1.19. The firm has a market cap of C$27.64 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.