Thermal Energy International (CVE:TMG) Trading 8.8% Higher – Time to Buy?

Thermal Energy International Inc. (CVE:TMG)’s stock price shot up 8.8% on Wednesday . The company traded as high as C$0.19 and last traded at C$0.19. 494,716 shares changed hands during trading, an increase of 226% from the average session volume of 151,539 shares. The stock had previously closed at C$0.17.

Thermal Energy International Price Performance

The stock’s 50 day moving average is C$0.13 and its 200 day moving average is C$0.14. The company has a market capitalization of C$32.35 million, a PE ratio of -190.00 and a beta of -0.26. The company has a debt-to-equity ratio of 85.01, a quick ratio of 1.19 and a current ratio of 1.48.

About Thermal Energy International

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.