Thermal Energy International (CVE:TMG) Stock Price Down 31.9% – Time to Sell?

Shares of Thermal Energy International Inc. (CVE:TMG) were down 31.9% on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.16. Approximately 3,552,496 shares were traded during trading, an increase of 1,210% from the average daily volume of 271,106 shares. The stock had previously closed at C$0.24.

Thermal Energy International Stock Performance

The firm has a market capitalization of C$26.77 million, a PE ratio of 22.00 and a beta of 0.38. 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 company’s fifty day moving average price is C$0.20 and its two-hundred day moving average price 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.