Thermal Energy International (CVE:TMG) Shares Down 25.5% – What’s Next?

Thermal Energy International Inc. (CVE:TMG)’s share price fell 25.5% during mid-day trading on Tuesday . The company traded as low as C$0.17 and last traded at C$0.18. 1,551,936 shares traded hands during mid-day trading, an increase of 871% from the average session volume of 159,840 shares. The stock had previously closed at C$0.24.

Thermal Energy International Price Performance

The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 113.80. The company 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 cap of C$26.77 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.