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

ReGen III Corp. (CVE:GIII) dropped 18.2% on Thursday . The company traded as low as C$0.24 and last traded at C$0.27. Approximately 251,500 shares changed 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 Stock Down 18.2 %

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 firm has a 50 day simple moving average of C$0.35 and a 200-day simple moving average of C$0.28. The stock has a market cap of C$35.74 million, a P/E ratio of -6.62 and a beta of 1.52.

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.