Zentek (CVE:ZEN) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Zentek Ltd. (CVE:ZEN)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.04 and traded as low as C$0.75. Zentek shares last traded at C$0.75, with a volume of 22,147 shares changing hands.

Zentek Trading Down 1.3%

The company has a quick ratio of 7.59, a current ratio of 1.00 and a debt-to-equity ratio of 15.41. The firm’s 50 day moving average is C$0.89 and its two-hundred day moving average is C$1.03. The stock has a market cap of C$79.58 million, a price-to-earnings ratio of -9.25 and a beta of 0.22.

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.