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$1.59 and traded as low as C$1.43. Zentek shares last traded at C$1.44, with a volume of 67,965 shares.
Zentek Stock Down 5.3 %
The company has a market cap of C$145.09 million, a PE ratio of -13.09 and a beta of 0.88. The business has a 50-day simple moving average of C$1.50 and a 200-day simple moving average of C$1.59. The company has a quick ratio of 7.59, a current ratio of 6.05 and a debt-to-equity ratio of 5.68.
About Zentek
Zentek Ltd. engages in the research and development of graphene and related nanomaterials in Canada. It owns 100% interest in the Albany Graphite project located in Northern Ontario, 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 compound.
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