Thermal Energy International (CVE:TMG) Sets New 52-Week Low – Here’s Why

Thermal Energy International Inc. (CVE:TMG) reached a new 52-week low during trading on Tuesday . The company traded as low as C$0.13 and last traded at C$0.13, with a volume of 587889 shares. The stock had previously closed at C$0.15.

Thermal Energy International Price Performance

The firm has a fifty day moving average price of C$0.18 and a two-hundred day moving average price of C$0.20. The company has a quick ratio of 1.19, a current ratio of 1.48 and a debt-to-equity ratio of 85.01. The stock has a market capitalization of C$22.50 million, a P/E ratio of 37.59 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.