Zentek (CVE:ZEN) Share Price Crosses Below 200-Day Moving Average of $2.37

Zentek Ltd. (CVE:ZENGet Rating) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.37 and traded as low as C$1.96. Zentek shares last traded at C$1.99, with a volume of 30,465 shares traded.

Zentek Trading Down 0.5 %

The stock’s 50 day moving average is C$2.14 and its 200-day moving average is C$2.37. The company has a market cap of C$198.07 million and a P/E ratio of -22.87. The company has a current ratio of 9.97, a quick ratio of 7.59 and a debt-to-equity ratio of 5.95.

Zentek (CVE:ZENGet Rating) last issued its earnings results on Monday, November 14th. The mining company reported C($0.04) earnings per share (EPS) for the quarter. Research analysts anticipate that Zentek Ltd. will post -0.1 earnings per share for the current fiscal year.

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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