Thermal Energy International (CVE:TMG) Stock Price Down 27.7% – Here’s Why

Thermal Energy International Inc. (CVE:TMG) shares were down 27.7% on Tuesday . The company traded as low as C$0.17 and last traded at C$0.17. Approximately 1,567,936 shares changed hands during trading, an increase of 852% from the average daily volume of 164,761 shares. The stock had previously closed at C$0.24.

Thermal Energy International Trading Up 6.9 %

The business’s 50-day simple moving average is C$0.20 and its two-hundred day simple moving average is C$0.21. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 113.80. The company has a market capitalization of C$26.77 million, a PE ratio of 22.00 and a beta of 0.38.

About Thermal Energy International

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.