Zentek Ltd. (CVE:ZEN – Get Free Report)’s share price rose 6% during mid-day trading on Tuesday . The company traded as high as C$0.79 and last traded at C$0.71. Approximately 528,136 shares changed hands during trading, an increase of 239% from the average session volume of 155,682 shares. The stock had previously closed at C$0.67.
Zentek Price Performance
The stock’s 50-day moving average price is C$0.76 and its 200 day moving average price is C$0.84. The company has a quick ratio of 7.59, a current ratio of 0.64 and a debt-to-equity ratio of 19.52. The firm has a market capitalization of C$86.10 million, a price-to-earnings ratio of -7.56 and a beta of 0.69.
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. 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.
See Also
- Five stocks we like better than Zentek
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
- Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
Receive News & Ratings for Zentek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zentek and related companies with MarketBeat.com's FREE daily email newsletter.
