Thermal Energy International (CVE:TMG) Sets New 52-Week Low – Here’s What Happened

Thermal Energy International Inc. (CVE:TMG) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.13 and last traded at C$0.13, with a volume of 236000 shares. The stock had previously closed at C$0.14.

Thermal Energy International Price Performance

The stock has a market capitalization of C$24.24 million, a P/E ratio of 40.48 and a beta of 0.38. The company has a debt-to-equity ratio of 85.01, a quick ratio of 1.19 and a current ratio of 1.48. The firm has a 50-day moving average price of C$0.17 and a 200 day moving average price of C$0.20.

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.