Thermal Energy International (CVE:TMG) Reaches New 12-Month Low – What’s Next?

Thermal Energy International Inc. (CVE:TMG) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.13 and last traded at C$0.13, with a volume of 2700 shares changing hands. The stock had previously closed at C$0.14.

Thermal Energy International Trading Down 7.4 %

The company has a debt-to-equity ratio of 85.01, a current ratio of 1.48 and a quick ratio of 1.19. The stock has a market cap of C$21.64 million, a price-to-earnings ratio of 36.14 and a beta of 0.38. The company’s fifty day moving average price is C$0.16 and its 200-day moving average price is C$0.19.

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.