Zentek (CVE:ZEN) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Zentek Ltd. (CVE:ZENGet Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.31 and traded as high as C$1.62. Zentek shares last traded at C$1.54, with a volume of 15,788 shares traded.

Zentek Stock Down 0.6 %

The firm has a market cap of C$160.24 million, a PE ratio of -12.83 and a beta of 0.77. The company has a debt-to-equity ratio of 5.91, a current ratio of 2.20 and a quick ratio of 7.59. The business has a fifty day moving average price of C$1.50 and a two-hundred day moving average price of C$1.31.

About Zentek

(Get Free Report)

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.

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