Thermal Energy International (CVE:TMG) Stock Price Down 23.4% – Here’s What Happened

Shares of Thermal Energy International Inc. (CVE:TMG) dropped 23.4% during trading on Tuesday . The company traded as low as C$0.17 and last traded at C$0.18. Approximately 1,329,675 shares were traded during mid-day trading, an increase of 992% from the average daily volume of 121,762 shares. The stock had previously closed at C$0.24.

Thermal Energy International Price Performance

The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 113.80. The firm’s fifty day moving average price is C$0.20 and its two-hundred day moving average price is C$0.21. The stock has a market capitalization of C$26.77 million, a PE 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.