Thermal Energy International (CVE:TMG) Trading Down 25.5% – Here’s What Happened

Thermal Energy International Inc. (CVE:TMG) shares traded down 25.5% during mid-day trading on Tuesday . The company traded as low as C$0.17 and last traded at C$0.18. 1,551,936 shares were traded during trading, an increase of 871% from the average session volume of 159,840 shares. The stock had previously closed at C$0.24.

Thermal Energy International Price Performance

The firm has a market cap of C$27.64 million, a price-to-earnings ratio of 22.00 and a beta of 0.38. 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 business’s 50-day simple moving average is C$0.20 and its two-hundred day simple moving average is C$0.21.

Thermal Energy International Company Profile

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.