Zentek (CVE:ZEN) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Zentek Ltd. (CVE:ZENGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.80 and traded as high as C$0.94. Zentek shares last traded at C$0.92, with a volume of 83,970 shares changing hands.

Zentek Stock Up 2.2%

The company has a debt-to-equity ratio of 19.52, a quick ratio of 7.59 and a current ratio of 0.64. The company has a market cap of C$116.49 million, a price-to-earnings ratio of -10.22 and a beta of 0.72. The stock’s fifty day moving average is C$0.70 and its two-hundred day moving average is C$0.80.

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. 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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