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

Thermal Energy International Inc. (CVE:TMGGet Free Report) shares traded down 23.4% during mid-day trading on Tuesday . The stock traded as low as C$0.17 and last traded at C$0.18. 1,329,675 shares were traded during trading, an increase of 992% from the average session volume of 121,762 shares. The stock had previously closed at C$0.24.

Thermal Energy International Stock Down 31.9 %

The company has a market cap of C$27.64 million, a price-to-earnings ratio of 22.00 and a beta of 0.38. 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 firm’s 50-day moving average price is C$0.20 and its 200-day moving average price is C$0.21.

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; 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.

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