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

Zentek Ltd. (CVE:ZEN) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.04 and traded as low as C$0.75. Zentek shares last traded at C$0.75, with a volume of 22,147 shares traded.

Zentek Stock Performance

The business has a 50-day moving average of C$0.90 and a two-hundred day moving average of C$1.04. The company has a debt-to-equity ratio of 15.41, a current ratio of 1.00 and a quick ratio of 7.59. The company has a market cap of C$80.66 million, a P/E ratio of -9.38 and a beta of 0.22.

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. 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.