Shares of Zentek Ltd. (CVE:ZEN – Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.11 and traded as low as C$0.90. Zentek shares last traded at C$0.91, with a volume of 31,008 shares.
Zentek Trading Up 4.6%
The company’s 50-day moving average is C$1.05 and its 200-day moving average is C$1.11. 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 firm has a market cap of C$97.65 million, a price-to-earnings ratio of -10.11 and a beta of 0.43.
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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