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

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

Thermal Energy International Stock Down 3.8%

The business’s fifty day moving average is C$0.11 and its two-hundred day moving average is C$0.16. The company has a market cap of C$21.64 million, a P/E ratio of 36.14 and a beta of 0.38. The company has a debt-to-equity ratio of 85.01, a quick ratio of 1.19 and a current ratio of 1.48.

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.