Thermal Energy International (CVE:TMG) Hits New 12-Month Low at $0.06

Thermal Energy International Inc. (CVE:TMG)’s share price reached a new 52-week low on Tuesday . The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 147000 shares trading hands. The stock had previously closed at C$0.07.

The firm has a market cap of $9.71 million and a P/E ratio of -60.00. The business’s 50-day moving average is C$0.06 and its two-hundred day moving average is C$0.07. The company has a debt-to-equity ratio of 88.97, a current ratio of 0.83 and a quick ratio of 0.72.

About Thermal Energy International (CVE:TMG)

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, China, and internationally. Its products include GEM steam traps; FLU-ACE, a direct contact condensing heat recovery system that recycles the heat lost through the boiler flue gas exhaust; and DRY-REX, a low temperature biomass drying system.

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