Shares of ReGen III Corp. (CVE:GIII – Get Free Report) were 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 traded hands 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 Trading Down 18.2 %
The firm’s 50 day simple moving average is C$0.35 and its 200-day simple moving average is C$0.28. The company has a market capitalization of C$35.74 million, a PE ratio of -6.62 and a beta of 1.52. 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.
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