Thermal Energy International (CVE:TMG) Shares Down 2.3% – Here’s What Happened

Thermal Energy International Inc. (CVE:TMGGet Free Report) fell 2.3% on Thursday . The company traded as low as C$0.21 and last traded at C$0.21. 31,275 shares were traded during trading, a decline of 88% from the average session volume of 263,289 shares. The stock had previously closed at C$0.22.

Thermal Energy International Stock Performance

The company has a fifty day moving average of C$0.22 and a two-hundred day moving average of C$0.25. The firm has a market capitalization of C$36.27 million, a price-to-earnings ratio of 22.00 and a beta of 0.39. The company has a debt-to-equity ratio of 113.80, a quick ratio of 1.19 and a current ratio of 1.33.

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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