Zentek (NASDAQ:ZTEK) Trading Up 3.8% – Should You Buy?

Zentek Ltd. (NASDAQ:ZTEK) shares traded up 3.8% during mid-day trading on Wednesday . The stock traded as high as $0.7012 and last traded at $0.6750. 74,597 shares were traded during mid-day trading, an increase of 85% from the average session volume of 40,347 shares. The stock had previously closed at $0.65.

Wall Street Analyst Weigh In

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

Zentek Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.79 and a quick ratio of 0.53. The firm has a market capitalization of $72.43 million, a PE ratio of -13.50 and a beta of 0.64. The firm has a fifty day moving average price of $0.77 and a 200 day moving average price of $0.92.

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.