Thermal Energy International (CVE:TMG) Sets New 1-Year Low – Should You Sell?

Thermal Energy International Inc. (CVE:TMG)’s stock price hit a new 52-week low on Friday . The stock traded as low as C$0.13 and last traded at C$0.13, with a volume of 2700 shares traded. The stock had previously closed at C$0.14.

Thermal Energy International Stock Down 7.4 %

The firm has a market cap of C$21.64 million, a price-to-earnings ratio of 36.14 and a beta of 0.38. The business’s 50 day moving average price is C$0.16 and its 200 day moving average price is C$0.19. The company has a debt-to-equity ratio of 85.01, a quick ratio of 1.19 and a current ratio of 1.48.

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.