Zentek (NASDAQ:ZTEK) Trading 5.5% Higher – Still a Buy?

Zentek Ltd. (NASDAQ:ZTEK)’s stock price was up 5.5% during mid-day trading on Tuesday . The company traded as high as $0.80 and last traded at $0.76. Approximately 68,277 shares were traded during trading, a decline of 45% from the average daily volume of 124,834 shares. The stock had previously closed at $0.7201.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zentek in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Zentek has an average rating of “Sell”.

Zentek Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.62 and a quick ratio of 1.30. The stock has a market capitalization of $81.55 million, a price-to-earnings ratio of -15.20 and a beta of 1.04. The stock’s 50 day simple moving average is $0.82 and its 200-day simple moving average is $1.00.

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.