Zentek (CVE:ZEN) Stock Passes Below 200-Day Moving Average – What’s Next?

Zentek Ltd. (CVE:ZENGet Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.49 and traded as low as C$1.15. Zentek shares last traded at C$1.16, with a volume of 18,000 shares traded.

Zentek Price Performance

The firm has a market cap of C$121.46 million, a price-to-earnings ratio of -14.50 and a beta of 0.39. 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 company’s 50-day moving average price is C$1.14 and its 200-day moving average price is C$1.49.

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.

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