Thermal Energy International (CVE:TMG) Trading Up 13.8% – Should You Buy?

Thermal Energy International Inc. (CVE:TMG)’s share price was up 13.8% during trading on Tuesday . The company traded as high as C$0.18 and last traded at C$0.17. Approximately 628,233 shares traded hands during mid-day trading, an increase of 353% from the average daily volume of 138,735 shares. The stock had previously closed at C$0.15.

Thermal Energy International Stock Up 17.2%

The company’s 50 day moving average price is C$0.13 and its 200 day moving average price is C$0.14. The company has a quick ratio of 1.19, a current ratio of 1.48 and a debt-to-equity ratio of 85.01. The firm has a market capitalization of C$28.95 million, a price-to-earnings ratio of -170.00 and a beta of -0.26.

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.