ReGen III (CVE:GIII) Stock Price Down 18.4% – Here’s What Happened

ReGen III Corp. (CVE:GIII)’s share price traded down 18.4% during mid-day trading on Wednesday . The stock traded as low as C$0.20 and last traded at C$0.20. 97,400 shares traded hands during trading, an increase of 90% from the average session volume of 51,233 shares. The stock had previously closed at C$0.25.

ReGen III Trading Up 4.5 %

The stock has a market capitalization of C$27.22 million, a price-to-earnings ratio of -4.30 and a beta of 1.52. The company’s 50-day moving average is C$0.20 and its 200-day moving average is C$0.24. 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.