ReGen III (CVE:GIII) Shares Down 18.2% – Here’s What Happened

ReGen III Corp. (CVE:GIII)’s stock price dropped 18.2% during mid-day trading on Wednesday . The company traded as low as C$0.24 and last traded at C$0.27. Approximately 251,500 shares traded 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 Stock Down 18.2 %

The company has a debt-to-equity ratio of -70.59, a quick ratio of 0.82 and a current ratio of 0.16. The firm has a market cap of C$35.74 million, a price-to-earnings ratio of -6.62 and a beta of 1.52. The business’s 50 day moving average price is C$0.35 and its 200 day moving average price 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.