Thermal Energy International (CVE:TMG) Shares Down 2.2% – Here’s What Happened

Shares of Thermal Energy International Inc. (CVE:TMG) dropped 2.2% during trading on Monday . The company traded as low as C$0.22 and last traded at C$0.22. Approximately 10,563 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 86,249 shares. The stock had previously closed at C$0.23.

Thermal Energy International Price Performance

The company has a debt-to-equity ratio of 113.80, a quick ratio of 1.19 and a current ratio of 1.33. The stock has a market cap of C$38.00 million, a price-to-earnings ratio of 22.00 and a beta of 0.38. The business’s fifty day simple moving average is C$0.20 and its 200 day simple moving average is C$0.21.

About Thermal Energy International

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.