Thermal Energy International (CVE:TMG) Sets New 52-Week Low – What’s Next?

Thermal Energy International Inc. (CVE:TMG)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.13 and last traded at C$0.13, with a volume of 2700 shares. The stock had previously closed at C$0.14.

Thermal Energy International Stock Down 7.4 %

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$21.64 million, a PE ratio of 36.14 and a beta of 0.38. The firm’s fifty day moving average is C$0.16 and its 200-day moving average is C$0.19.

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.