Thermal Energy International (CVE:TMG) Hits New 52-Week Low – Here’s What Happened

Thermal Energy International Inc. (CVE:TMG)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.19 and last traded at C$0.19, with a volume of 89751 shares changing hands. The stock had previously closed at C$0.20.

Thermal Energy International Price Performance

The firm has a market capitalization of C$31.96 million, a price-to-earnings ratio of 22.00 and a beta of 0.38. The company’s 50 day moving average is C$0.21 and its 200-day moving average is C$0.23. 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.