Zentek (CVE:ZEN) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Zentek Ltd. (CVE:ZENGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.16 and traded as low as C$1.03. Zentek shares last traded at C$1.04, with a volume of 80,813 shares.

Zentek Stock Performance

The stock’s 50-day moving average is C$1.04 and its 200 day moving average is C$1.16. The stock has a market cap of C$111.60 million, a price-to-earnings ratio of -11.56 and a beta of 0.29. The company has a debt-to-equity ratio of 4.97, a current ratio of 2.06 and a quick ratio of 7.59.

About Zentek

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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. It is also developing graphene oxide synthesis and graphene synthesis. In addition, the company owns 100% interest in the Albany graphite project located in Northern Ontario, Canada.

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