Gen III Oil Corp (CVE:GIII) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.14 and last traded at C$0.15, with a volume of 78000 shares changing hands. The stock had previously closed at C$0.16.
The company has a 50 day moving average price of C$0.17 and a 200-day moving average price of C$0.27. The company has a market cap of $13.99 million and a P/E ratio of -1.63.
In other Gen III Oil news, Director Gregory Mark Clarkes purchased 150,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were bought at an average price of C$0.23 per share, for a total transaction of C$33,750.00. Following the purchase, the director now owns 6,752,553 shares in the company, valued at approximately C$1,519,324.43.
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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