Zentek (CVE:ZEN) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Zentek Ltd. (CVE:ZENGet Free Report) 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 changing hands.

Zentek Price Performance

The company’s fifty day moving average price is C$1.12 and its 200 day moving average price is C$1.50. The company has a market capitalization of C$120.42 million, a P/E ratio of -14.38 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.

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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