Thermal Energy International (CVE:TMG) Trading Down 2.6% – Should You Sell?

Thermal Energy International Inc. (CVE:TMG) shares dropped 2.6% on Monday . The stock traded as low as C$0.19 and last traded at C$0.19. Approximately 106,700 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 241,038 shares. The stock had previously closed at C$0.20.

Thermal Energy International Trading Down 2.6 %

The firm’s 50-day moving average price is C$0.20 and its 200-day moving average price is C$0.22. The company has a market cap of C$32.82 million, a P/E ratio of 22.00 and a beta of 0.38. The company has a quick ratio of 1.19, a current ratio of 1.33 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.