Zentek (CVE:ZEN) Share Price Passes Below 200 Day Moving Average of $1.64

Zentek Ltd. (CVE:ZEN)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.64 and traded as low as C$1.58. Zentek shares last traded at C$1.59, with a volume of 16,126 shares.

Zentek Price Performance

The company has a current ratio of 6.05, a quick ratio of 7.59 and a debt-to-equity ratio of 5.68. The business has a 50-day moving average price of C$1.67 and a two-hundred day moving average price of C$1.64. The firm has a market capitalization of C$160.30 million, a price-to-earnings ratio of -14.45 and a beta of 0.86.

Zentek (CVE:ZEN) last posted its earnings results on Monday, February 12th. The mining company reported C($0.03) EPS for the quarter. The company had revenue of C$0.01 million during the quarter. As a group, research analysts forecast that Zentek Ltd. will post -0.1 EPS for the current year.

About Zentek

Zentek Ltd. engages in the research and development of graphene and related nanomaterials in Canada. It owns 100% interest in the Albany Graphite project located in Northern Ontario, Canada. The company develops graphene-based antimicrobial coating under the ZenGUARD brand, surgical masks, HVAC filters, personal protective equipment, rapid detection point of care diagnostics tests, and pharmaceutical products based on graphene-based compound.