Shares of ReGen III Corp. (CVE:GIII – Get Free Report) shot up 12.9% on Thursday . The stock traded as high as C$0.18 and last traded at C$0.17. 323,500 shares were traded during trading, an increase of 320% from the average daily volume of 77,084 shares. The stock had previously closed at C$0.15.
ReGen III Price Performance
The company’s 50-day moving average price is C$0.19 and its two-hundred day moving average price is C$0.18. The company has a market cap of C$30.17 million, a P/E ratio of -6.50 and a beta of 0.50. The company has a current ratio of 2.14, a quick ratio of 0.81 and a debt-to-equity ratio of -158.48.
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. in May 2021. The company is headquartered in Vancouver, Canada.
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