Thermal Energy International (CVE:TMG) Stock Price Up 8.8% – Here’s Why

Thermal Energy International Inc. (CVE:TMGGet Free Report) was up 8.8% during mid-day trading on Wednesday . The stock traded as high as C$0.19 and last traded at C$0.19. Approximately 473,716 shares were traded during trading, an increase of 217% from the average daily volume of 149,354 shares. The stock had previously closed at C$0.17.

Thermal Energy International Stock Up 8.8%

The firm has a market capitalization of C$31.50 million, a PE ratio of -185.00 and a beta of -0.26. The company has a current ratio of 1.48, a quick ratio of 1.19 and a debt-to-equity ratio of 85.01. The firm has a 50-day moving average of C$0.13 and a two-hundred day moving average of C$0.14.

Thermal Energy International Company Profile

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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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