Thermal Energy International (CVE:TMG) Stock Price Down 23.4% – Should You Sell?

Thermal Energy International Inc. (CVE:TMG)’s share price was down 23.4% during trading on Tuesday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 366,576 shares were traded during mid-day trading, an increase of 300% from the average daily volume of 91,620 shares. The stock had previously closed at C$0.24.

Thermal Energy International Trading Down 9.4 %

The company has a debt-to-equity ratio of 113.80, a current ratio of 1.33 and a quick ratio of 1.19. The company has a market cap of C$25.05 million, a price-to-earnings ratio of 22.00 and a beta of 0.38. The business has a 50 day simple moving average of C$0.20 and a 200 day simple moving average of C$0.21.

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.