Canaccord Genuity Lowers Gen III Oil (CVE:GIII) Price Target to C$1.00

Gen III Oil (CVE:GIII) had its target price decreased by Canaccord Genuity from C$1.20 to C$1.00 in a research report report published on Wednesday morning, BayStreet.CA reports.

Shares of GIII stock opened at C$0.32 on Wednesday. The firm has a market capitalization of $22.49 million and a price-to-earnings ratio of -2.94. Gen III Oil has a fifty-two week low of C$0.16 and a fifty-two week high of C$0.59.

About Gen III Oil

Gen III Oil Corporation operates as an oil processing company in Canada. The company, through its ReGen technology, produces base lubricating oil from re-processed used motor oil. The company was formerly known as PNG Gold Corporation and changed its name to Gen III Oil Corporation in May 2017. Gen III Oil Corporation is headquartered in Vancouver, Canada.

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