Zentek (NASDAQ:ZTEK) Trading Down 0.5% – Here’s Why

Shares of Zentek Ltd. (NASDAQ:ZTEK) traded down 0.5% during trading on Thursday . The stock traded as low as $0.7501 and last traded at $0.78. Approximately 90,897 shares traded hands during trading, an increase of 111% from the average session volume of 43,125 shares. The stock had previously closed at $0.7837.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zentek in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Zentek Price Performance

The company has a current ratio of 0.79, a quick ratio of 0.53 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $0.74 and a 200-day simple moving average of $0.84. The stock has a market cap of $83.75 million, a price-to-earnings ratio of -15.60 and a beta of 0.41.

About Zentek

Zentek Ltd. (NASDAQ: ZTEK) is a nanotechnology company headquartered in Vancouver, British Columbia, specializing in the development and commercialization of advanced polymer and coating technologies. The company’s core focus is on materials engineered to enhance thermal management, structural performance and acoustic properties across a variety of end markets. By leveraging proprietary polymer chemistry, Zentek designs solutions that address critical performance challenges in energy storage, electronics and safety applications.

Zentek’s product portfolio includes phase-change materials and flexible polymer foams tailored for battery and power electronics thermal management in electric vehicles and stationary energy storage systems.