Zentek (CVE:ZEN) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Zentek Ltd. (CVE:ZENGet Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.29 and traded as high as C$1.66. Zentek shares last traded at C$1.63, with a volume of 11,548 shares traded.

Zentek Stock Performance

The company has a market cap of C$169.60 million, a P/E ratio of -13.58 and a beta of 0.77. The company has a 50 day moving average price of C$1.51 and a 200-day moving average price of C$1.29. The company has a quick ratio of 7.59, a current ratio of 2.20 and a debt-to-equity ratio of 5.91.

Zentek Company Profile

(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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