Thermal Energy International (CVE:TMG) Shares Down 2.3% – What’s Next?

Thermal Energy International Inc. (CVE:TMG)’s stock price dropped 2.3% during mid-day trading on Wednesday . The stock traded as low as C$0.21 and last traded at C$0.22. Approximately 94,500 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 253,803 shares. The stock had previously closed at C$0.22.

Thermal Energy International Trading Down 2.3 %

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 50 day moving average of C$0.22 and a 200 day moving average of C$0.23. The firm has a market cap of C$36.27 million, a price-to-earnings 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.