Thermal Energy International (CVE:TMG) Stock Price Down 7.7% – Here’s What Happened

Thermal Energy International Inc. (CVE:TMG) traded down 7.7% during trading on Monday . The company traded as low as C$0.12 and last traded at C$0.12. 157,700 shares traded hands during trading, a decline of 20% from the average session volume of 197,897 shares. The stock had previously closed at C$0.13.

Thermal Energy International Stock Down 3.8%

The company has a current ratio of 1.48, a quick ratio of 1.19 and a debt-to-equity ratio of 85.01. The firm has a market cap of C$21.64 million, a PE ratio of 36.14 and a beta of 0.38. The business’s 50-day simple moving average is C$0.11 and its 200 day simple moving average is C$0.16.

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.