Shares of Zentek Ltd. (CVE:ZEN – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.06 and traded as low as C$0.74. Zentek shares last traded at C$0.79, with a volume of 198,721 shares trading hands.
Zentek Trading Up 2.6%
The business has a 50 day moving average of C$0.98 and a 200 day moving average of C$1.06. The firm has a market capitalization of C$84.77 million, a price-to-earnings ratio of -8.78 and a beta of 0.43. The company has a debt-to-equity ratio of 4.97, a current ratio of 2.06 and a quick ratio of 7.59.
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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