Zentek Ltd. (CVE:ZEN – Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$1.06 and traded as high as C$1.14. Zentek shares last traded at C$1.08, with a volume of 101,766 shares trading hands.
Zentek Stock Down 3.6%
The firm has a market capitalization of C$115.89 million, a PE ratio of -12.00 and a beta of 0.29. The business’s fifty day moving average price is C$1.06 and its 200 day moving average price is C$1.12. The company has a quick ratio of 7.59, a current ratio of 2.06 and a debt-to-equity ratio of 4.97.
About Zentek
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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