ReGen III (CVE:GIII) Shares Down 12.3% – Should You Sell?

ReGen III Corp. (CVE:GIII)’s share price fell 12.3% on Tuesday . The stock traded as low as C$0.25 and last traded at C$0.25. 122,000 shares were traded during mid-day trading, an increase of 122% from the average session volume of 55,078 shares. The stock had previously closed at C$0.29.

ReGen III Price Performance

The stock has a market capitalization of C$33.09 million, a P/E ratio of -6.13 and a beta of 1.52. The company has a 50 day moving average of C$0.33 and a 200-day moving average of C$0.28. The company has a quick ratio of 0.82, a current ratio of 0.16 and a debt-to-equity ratio of -70.59.

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.