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

ReGen III Corp. (CVE:GIII) was down 18.2% during trading on Thursday . The stock traded as low as C$0.24 and last traded at C$0.27. Approximately 251,500 shares were traded during 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 Price Performance

The company has a market cap of C$33.75 million, a PE ratio of -6.25 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 stock’s 50-day moving average is C$0.34 and its 200 day moving average is C$0.28.

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.