Zentek (CVE:ZEN) Stock Passes Below 200 Day Moving Average – Here’s Why

Zentek Ltd. (CVE:ZENGet Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.34 and traded as low as C$1.03. Zentek shares last traded at C$1.04, with a volume of 23,200 shares changing hands.

Zentek Price Performance

The company has a market cap of C$111.60 million, a PE ratio of -11.56 and a beta of 0.39. The company has a debt-to-equity ratio of 4.97, a quick ratio of 7.59 and a current ratio of 2.06. The stock has a 50 day moving average of C$1.11 and a 200-day moving average of C$1.34.

About Zentek

(Get Free Report)

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.

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