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

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

Thermal Energy International Stock Performance

The stock has a market cap of C$27.64 million, a P/E ratio of 22.00 and a beta of 0.38. 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 stock has a 50-day simple moving average of C$0.20 and a 200-day simple moving average 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.