Zentek (CVE:ZEN) Share Price Passes Below 200-Day Moving Average of $3.09

Shares of Zentek Ltd. (CVE:ZEN – Get Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.09 and traded as low as C$2.85. Zentek shares last traded at C$2.97, with a volume of 18,974 shares changing hands.

Zentek Stock Performance

The company has a quick ratio of 11.86, a current ratio of 13.87 and a debt-to-equity ratio of 6.46. The business’s fifty day moving average is C$2.67 and its two-hundred day moving average is C$3.09. The stock has a market capitalization of C$295.11 million and a PE ratio of -34.14.

Zentek Company Profile

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Zentek Ltd. engages in the research and development of graphene and related nanomaterials in Canada. It owns 100% interest in the Albany Graphite project located in Northern Ontario, 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 compound.

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