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

ReGen III Corp. (CVE:GIII) was down 18.2% on Thursday . The company traded as low as C$0.24 and last traded at C$0.27. Approximately 251,500 shares changed hands 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 Trading Down 18.2 %

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. The company has a debt-to-equity ratio of -70.59, a current ratio of 0.16 and a quick ratio of 0.82. The firm’s 50-day simple moving average is C$0.35 and its 200 day simple moving average is C$0.28.

ReGen III Company Profile

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.