Shares of ReGen III Corp. (CVE:GIII – Get Free Report) dropped 18.2% during mid-day trading on Thursday . The stock traded as low as C$0.24 and last traded at C$0.27. Approximately 251,500 shares were traded during mid-day 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 Stock Down 3.8 %
The company has a market cap of C$33.75 million, a price-to-earnings ratio of -6.25 and a beta of 1.52. The company has a current ratio of 0.16, a quick ratio of 0.82 and a debt-to-equity ratio of -70.59. The firm’s fifty day moving average price is C$0.34 and its 200-day moving average price is C$0.28.
About ReGen III
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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