Thermal Energy International (CVE:TMG) Sets New 12-Month Low – Here’s Why

Thermal Energy International Inc. (CVE:TMG) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.13 and last traded at C$0.13, with a volume of 236000 shares. The stock had previously closed at C$0.14.

Thermal Energy International Stock Performance

The company’s fifty day simple moving average is C$0.17 and its 200 day simple moving average is C$0.20. The stock has a market capitalization of C$24.24 million, a P/E ratio of 40.48 and a beta of 0.38. The company has a current ratio of 1.48, a quick ratio of 1.19 and a debt-to-equity ratio of 85.01.

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.