Zentek (NASDAQ:ZTEK) Trading Up 5.5% – Here’s What Happened

Zentek Ltd. (NASDAQ:ZTEK) shares traded up 5.5% on Tuesday . The company traded as high as $0.80 and last traded at $0.76. 68,277 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 124,834 shares. The stock had previously closed at $0.7201.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zentek in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Zentek currently has a consensus rating of “Sell”.

Zentek Trading Up 5.5%

The company has a quick ratio of 1.30, a current ratio of 1.62 and a debt-to-equity ratio of 0.12. The firm has a market cap of $81.55 million, a price-to-earnings ratio of -15.20 and a beta of 1.04. The company has a 50-day moving average price of $0.82 and a 200 day moving average price of $1.00.

Zentek Company Profile

Zentek Ltd., together with its subsidiaries, engages in the research and development of graphene and related nanomaterials in 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 compounds.