ReGen III (CVE:GIII) Shares Up 13.9% – Should You Buy?
by Doug Wharley · The Cerbat GemReGen III Corp. (CVE:GIII – Get Free Report)’s share price rose 13.9% during mid-day trading on Thursday . The stock traded as high as C$0.21 and last traded at C$0.21. Approximately 109,500 shares were traded during mid-day trading, an increase of 42% from the average daily volume of 76,956 shares. The stock had previously closed at C$0.18.
ReGen III Price Performance
The firm has a market cap of C$30.94 million, a P/E ratio of -10.00 and a beta of 0.42. The stock’s 50-day moving average is C$0.19 and its 200-day moving average is C$0.18. The company has a quick ratio of 0.82, a current ratio of 0.13 and a debt-to-equity ratio of -88.61.
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.