Shares of Zentek Ltd. (CVE:ZEN – Get Free Report) crossed 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.
Zentek Stock Performance
The firm has a market cap of C$84.77 million, a P/E ratio of -8.78 and a beta of 0.43. The company has a quick ratio of 7.59, a current ratio of 2.06 and a debt-to-equity ratio of 4.97. The firm has a fifty day moving average of C$0.98 and a 200-day moving average of C$1.06.
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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