Zentek (NASDAQ:ZTEK) Announces Earnings Results

Zentek (NASDAQ:ZTEK) released its earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, Zacks reports. Zentek had a negative net margin of 27,217.24% and a negative return on equity of 53.99%.

Zentek Price Performance

NASDAQ:ZTEK traded down $0.03 during midday trading on Wednesday, hitting $1.09. 58,373 shares of the stock were exchanged, compared to its average volume of 51,719. The company has a market capitalization of $113.48 million, a price-to-earnings ratio of -13.63 and a beta of 0.98. The company has a current ratio of 2.06, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. Zentek has a one year low of $0.50 and a one year high of $1.39. The business has a 50-day moving average price of $1.05 and a two-hundred day moving average price of $0.94.

About Zentek

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.