Thermal Energy International (CVE:TMG) Stock Price Up 17.2% – Time to Buy?

Thermal Energy International Inc. (CVE:TMGGet Free Report) shot up 17.2% on Tuesday . The stock traded as high as C$0.18 and last traded at C$0.17. 522,733 shares were traded during trading, an increase of 320% from the average session volume of 124,366 shares. The stock had previously closed at C$0.15.

Thermal Energy International Stock Performance

The business has a 50-day simple moving average of C$0.13 and a 200 day simple moving average of C$0.14. The company has a debt-to-equity ratio of 85.01, a current ratio of 1.48 and a quick ratio of 1.19. The firm has a market cap of C$28.95 million, a PE ratio of -170.00 and a beta of -0.26.

About Thermal Energy International

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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.

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