Shares of ReGen III Corp. (CVE:GIII – Get Free Report) dropped 4.5% during mid-day trading on Friday . The company traded as low as C$0.32 and last traded at C$0.32. Approximately 6,100 shares traded hands during trading, a decline of 88% from the average daily volume of 52,672 shares. The stock had previously closed at C$0.33.
ReGen III Price Performance
The firm has a market cap of C$41.69 million, a P/E ratio of -7.72 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. The stock’s 50-day moving average is C$0.37 and its 200-day moving average is C$0.27.
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.
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