Thermal Energy International (CVE:TMG) Reaches New 52-Week High – Still a Buy?

Thermal Energy International Inc. (CVE:TMG)’s share price hit a new 52-week high on Thursday . The company traded as high as C$0.19 and last traded at C$0.18, with a volume of 303873 shares. The stock had previously closed at C$0.19.

Thermal Energy International Stock Up 2.7%

The firm has a market capitalization of C$32.35 million, a price-to-earnings 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. The business’s 50 day moving average is C$0.13 and its 200-day moving average is C$0.14.

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.