Thermal Energy International (CVE:TMG) Trading Down 36.2% – Time to Sell?

Thermal Energy International Inc. (CVE:TMG) dropped 36.2% during mid-day trading on Tuesday . The stock traded as low as C$0.15 and last traded at C$0.15. Approximately 2,799,954 shares changed hands during trading, an increase of 1,262% from the average daily volume of 205,518 shares. The stock had previously closed at C$0.24.

Thermal Energy International Stock Up 6.9 %

The company has a market capitalization of C$26.77 million, a price-to-earnings ratio of 22.00 and a beta of 0.38. The firm’s 50 day moving average price is C$0.20 and its two-hundred day moving average price is C$0.21. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 113.80.

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.