ReGen III (CVE:GIII) Trading Down 1.4% – Here’s Why

ReGen III Corp. (CVE:GIII)’s share price traded down 1.4% during trading on Wednesday . The stock traded as low as C$0.31 and last traded at C$0.35. 44,500 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 54,320 shares. The stock had previously closed at C$0.35.

ReGen III Stock Performance

The business has a 50 day moving average price of C$0.23 and a two-hundred day moving average price of C$0.24. The stock has a market cap of C$43.20 million, a P/E ratio of -7.30 and a beta of 1.52. The company has a quick ratio of 0.82, a current ratio of 0.34 and a debt-to-equity ratio of 38.66.

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.