Zentek Ltd. (CVE:ZEN – Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.88 and traded as low as C$0.61. Zentek shares last traded at C$0.62, with a volume of 165,638 shares trading hands.
Zentek Trading Up 3.3%
The company has a market cap of C$77.84 million, a PE ratio of -7.75 and a beta of 0.52. The company has a current ratio of 1.00, a quick ratio of 7.59 and a debt-to-equity ratio of 15.41. The stock has a 50 day moving average price of C$0.78 and a 200 day moving average price of C$0.88.
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. 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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