ReGen III (CVE:GIII) Shares Down 12.5% – Should You Sell?

Shares of ReGen III Corp. (CVE:GIIIGet Free Report) were down 12.5% during mid-day trading on Wednesday . The stock traded as low as C$0.17 and last traded at C$0.17. 107,000 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 81,862 shares. The stock had previously closed at C$0.20.

ReGen III Stock Down 12.5%

The stock has a fifty day moving average of C$0.19 and a 200 day moving average of C$0.19. The firm has a market capitalization of C$27.08 million, a P/E ratio of -5.83 and a beta of 0.54. The company has a debt-to-equity ratio of -158.48, a current ratio of 2.14 and a quick ratio of 0.81.

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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