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

Zentek Ltd. (CVE:ZENGet Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.92 and traded as low as C$0.79. Zentek shares last traded at C$0.79, with a volume of 188,974 shares traded.

Zentek Price Performance

The company has a debt-to-equity ratio of 15.41, a quick ratio of 7.59 and a current ratio of 1.00. The company has a market capitalization of C$84.96 million, a PE ratio of -9.88 and a beta of 0.34. The company’s 50-day simple moving average is C$0.81 and its 200-day simple moving average is C$0.92.

Zentek Company Profile

(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.

Further Reading

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