ReGen III (CVE:GIII) Trading Down 18.2% – What’s Next?

ReGen III Corp. (CVE:GIII) shares fell 18.2% on Thursday . The stock traded as low as C$0.24 and last traded at C$0.27. 251,500 shares changed hands during mid-day trading, an increase of 379% from the average session volume of 52,515 shares. The stock had previously closed at C$0.33.

ReGen III Trading Down 3.8 %

The stock has a market capitalization of C$33.75 million, a P/E ratio of -6.25 and a beta of 1.52. The stock’s 50 day moving average price is C$0.34 and its 200-day moving average price is 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.

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.