Thermal Energy International (CVE:TMG) Trading Down 31.9% – Here’s What Happened

Thermal Energy International Inc. (CVE:TMG)’s share price was down 31.9% during mid-day trading on Tuesday . The stock traded as low as C$0.15 and last traded at C$0.16. Approximately 3,552,496 shares traded hands during mid-day trading, an increase of 1,210% from the average daily volume of 271,106 shares. The stock had previously closed at C$0.24.

Thermal Energy International Price Performance

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 cap of C$27.64 million, a price-to-earnings ratio of 22.00 and a beta of 0.38. The business has a 50-day moving average price of C$0.20 and a 200 day moving average price of C$0.21.

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.