Thermal Energy International (CVE:TMG) Shares Up 13.8% – Time to Buy?

Thermal Energy International Inc. (CVE:TMG) shot up 13.8% during trading on Tuesday . The stock traded as high as C$0.18 and last traded at C$0.17. 628,233 shares traded hands during trading, an increase of 353% from the average session volume of 138,735 shares. The stock had previously closed at C$0.15.

Thermal Energy International Price Performance

The business’s 50 day moving average is C$0.13 and its two-hundred day moving average is C$0.14. The firm has a market capitalization of C$32.35 million, a PE ratio of -190.00 and a beta of -0.26. The company has a debt-to-equity ratio of 85.01, a current ratio of 1.48 and a quick ratio of 1.19.

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.