ReGen III (CVE:GIII) Stock Price Down 10% – Here’s Why

ReGen III Corp. (CVE:GIIIGet Free Report)’s stock price traded down 10% during mid-day trading on Monday . The stock traded as low as C$0.14 and last traded at C$0.14. Approximately 146,747 shares changed hands during mid-day trading, an increase of 103% from the average daily volume of 72,398 shares. The stock had previously closed at C$0.15.

ReGen III Price Performance

The company has a debt-to-equity ratio of -70.59, a quick ratio of 0.82 and a current ratio of 0.16. The stock’s fifty day moving average price is C$0.17 and its 200-day moving average price is C$0.19. The firm has a market cap of C$18.16 million, a PE ratio of -6.75 and a beta of 0.39.

About ReGen III

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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. in May 2021. The company is headquartered in Vancouver, Canada.

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