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

Zentek Ltd. (CVE:ZEN – Get 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:ZEN – Get 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

(Get Rating)

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.