Gen III Oil (CVE:GIII) Price Target Cut to C$1.00

Gen III Oil (CVE:GIII) had its target price lowered by equities researchers at Canaccord Genuity from C$1.20 to C$1.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Canaccord Genuity’s price objective points to a potential upside of 194.12% from the stock’s current price.

Shares of GIII traded up C$0.01 during mid-day trading on Wednesday, hitting C$0.34. The company’s stock had a trading volume of 500 shares, compared to its average volume of 55,504. Gen III Oil has a 52-week low of C$0.16 and a 52-week high of C$0.62. The stock has a market capitalization of $25.34 million and a PE ratio of -3.18.

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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