Thermal Energy International (CVE:TMG) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Thermal Energy International Inc. (CVE:TMG)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$0.16 and traded as low as C$0.15. Thermal Energy International shares last traded at C$0.15, with a volume of 54,535 shares traded.

Thermal Energy International Price Performance

The stock has a market cap of C$26.50 million, a P/E ratio of 38.75 and a beta of 0.51. The company has a 50 day simple moving average of C$0.15 and a 200 day simple moving average of C$0.16. The company has a current ratio of 1.52, a quick ratio of 1.19 and a debt-to-equity ratio of 42.01.

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.