Thermal Energy International (CVE:TMG) Shares Down 27.7% – Should You Sell?

Shares of Thermal Energy International Inc. (CVE:TMG) dropped 27.7% during mid-day trading on Tuesday . The company traded as low as C$0.17 and last traded at C$0.17. Approximately 1,567,936 shares were traded during trading, an increase of 852% from the average daily volume of 164,761 shares. The stock had previously closed at C$0.24.

Thermal Energy International Price Performance

The business has a fifty day moving average price of C$0.20 and a 200 day moving average price of C$0.21. The company has a debt-to-equity ratio of 113.80, a current ratio of 1.33 and a quick ratio of 1.19. The company has a market capitalization of C$27.64 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.