Zentek (CVE:ZEN) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Zentek Ltd. (CVE:ZENGet Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.16 and traded as low as C$1.03. Zentek shares last traded at C$1.04, with a volume of 80,813 shares changing hands.

Zentek Stock Performance

The stock’s 50 day moving average price is C$1.04 and its two-hundred day moving average price is C$1.16. The company has a current ratio of 2.06, a quick ratio of 7.59 and a debt-to-equity ratio of 4.97. The firm has a market capitalization of C$111.60 million, a price-to-earnings ratio of -11.56 and a beta of 0.29.

About Zentek

(Get Free Report)

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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