Thermal Energy International (CVE:TMG) Shares Down 31.9% – Here’s What Happened

Thermal Energy International Inc. (CVE:TMG)’s stock price traded down 31.9% during trading on Tuesday . The company traded as low as C$0.15 and last traded at C$0.16. 3,138,354 shares were traded during mid-day trading, an increase of 1,173% from the average session volume of 246,546 shares. The stock had previously closed at C$0.24.

Thermal Energy International Stock Down 31.9 %

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 moving average price of C$0.20 and a 200-day moving average price of C$0.21. The stock has a market capitalization of C$27.64 million, a P/E ratio of 22.00 and a beta of 0.38.

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.