Thermal Energy International (CVE:TMG) Reaches New 12-Month Low – Here’s Why

Thermal Energy International Inc. (CVE:TMG) reached a new 52-week low on Thursday . The company traded as low as C$0.12 and last traded at C$0.12, with a volume of 77500 shares. The stock had previously closed at C$0.13.

Thermal Energy International Trading Down 4.0 %

The firm has a market capitalization of C$20.77 million, a PE ratio of 34.70 and a beta of 0.38. The business has a fifty day moving average price of C$0.15 and a two-hundred day moving average price of C$0.19. The company has a current ratio of 1.48, a quick ratio of 1.19 and a debt-to-equity ratio of 85.01.

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.