Thermal Energy International (CVE:TMG) Shares Up 4.5%

Thermal Energy International Inc. (CVE:TMGGet Rating)’s share price shot up 4.5% during mid-day trading on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.12. 5,500 shares changed hands during trading, a decline of 91% from the average session volume of 64,259 shares. The stock had previously closed at C$0.11.

Thermal Energy International Trading Up 4.5 %

The firm has a market capitalization of C$18.88 million and a P/E ratio of -10.45. The company has a quick ratio of 1.19, a current ratio of 1.49 and a debt-to-equity ratio of 1,332.57. The firm’s 50-day simple moving average is C$0.11 and its 200-day simple moving average is C$0.10.

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; FLU-ACE, 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; indirect contact heat recovery equipment; boiler economizers under the HeatSponge brand; wet and dry steam accumulators; electricity co-generation solutions; turn-key thermal energy solutions; and water treatment products and services.

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