Zentek (NASDAQ:ZTEK) Announces Quarterly Earnings Results

Zentek (NASDAQ:ZTEK) announced its earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. Zentek had a negative net margin of 27,217.24% and a negative return on equity of 53.99%.

Zentek Stock Down 2.7 %

NASDAQ ZTEK traded down $0.03 during trading hours on Wednesday, reaching $1.09. 58,373 shares of the company traded hands, compared to its average volume of 51,719. The stock has a market capitalization of $113.48 million, a PE ratio of -13.63 and a beta of 0.98. The company has a current ratio of 2.06, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. Zentek has a 12 month low of $0.50 and a 12 month high of $1.39. The company has a 50 day moving average of $1.05 and a two-hundred day moving average of $0.94.

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.