Zentek Ltd. (CVE:ZEN – Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.50 and traded as low as C$1.09. Zentek shares last traded at C$1.15, with a volume of 12,332 shares trading hands.
Zentek Stock Performance
The stock has a fifty day simple moving average of C$1.12 and a two-hundred day simple moving average of C$1.50. The company has a debt-to-equity ratio of 4.97, a quick ratio of 7.59 and a current ratio of 2.06. The stock has a market cap of C$120.42 million, a price-to-earnings ratio of -14.38 and a beta of 0.39.
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.
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