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

Thermal Energy International Inc. (CVE:TMG) dropped 31.9% on Tuesday . The stock traded as low as C$0.15 and last traded at C$0.16. Approximately 3,552,496 shares changed hands during trading, an increase of 1,210% from the average daily volume of 271,106 shares. The stock had previously closed at C$0.24.

Thermal Energy International Trading Down 31.9 %

The business has a 50 day simple moving average of C$0.20 and a 200-day simple moving average of C$0.21. The stock has a market capitalization of C$27.64 million, a price-to-earnings ratio of 22.00 and a beta of 0.38. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 113.80.

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.