Thermal Energy International (CVE:TMG) Stock Price Down 23.4% – Here’s Why

Shares of Thermal Energy International Inc. (CVE:TMG) traded down 23.4% during trading on Tuesday . The stock traded as low as C$0.18 and last traded at C$0.18. 366,576 shares changed hands during trading, an increase of 300% from the average session volume of 91,620 shares. The stock had previously closed at C$0.24.

Thermal Energy International Price Performance

The stock has a 50 day moving average of C$0.20 and a two-hundred day 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. The firm has a market capitalization of C$25.05 million, a P/E 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.