ReGen III (CVE:GIII) Trading Down 18.2% – Here’s Why

ReGen III Corp. (CVE:GIIIGet Free Report) was down 18.2% during trading on Wednesday . The stock traded as low as C$0.24 and last traded at C$0.27. Approximately 251,500 shares were traded during trading, an increase of 379% from the average daily volume of 52,515 shares. The stock had previously closed at C$0.33.

ReGen III Price Performance

The business has a fifty day moving average of C$0.35 and a two-hundred day moving average of C$0.28. The company has a debt-to-equity ratio of -70.59, a quick ratio of 0.82 and a current ratio of 0.16. The firm has a market capitalization of C$35.74 million, a price-to-earnings ratio of -6.62 and a beta of 1.52.

ReGen III Company Profile

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ReGen III Corp., a cleantech company, engages in the used motor oil refining business in Canada. It owns a portfolio of patented technologies that enable used motor oil re-refineries to produce a higher value product mix of base oils. The company was formerly known as Gen III Oil Corporation and changed its name to ReGen III Corp.

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