Thermal Energy International (CVE:TMG) Trading Down 36.2% – Here’s What Happened

Thermal Energy International Inc. (CVE:TMG)’s stock price traded down 36.2% on Tuesday . The company traded as low as C$0.15 and last traded at C$0.15. 2,799,954 shares traded hands during mid-day trading, an increase of 1,262% from the average session volume of 205,518 shares. The stock had previously closed at C$0.24.

Thermal Energy International Price Performance

The stock has a market cap of C$26.77 million, a P/E ratio of 22.00 and a beta of 0.38. 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 company’s 50 day simple moving average is C$0.20 and its 200 day simple moving average is C$0.21.

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.