Zentek (CVE:ZEN) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Zentek Ltd. (CVE:ZEN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.33 and traded as high as C$1.35. Zentek shares last traded at C$1.31, with a volume of 15,085 shares traded.

Zentek Trading Up 21.5 %

The company has a debt-to-equity ratio of 4.97, a quick ratio of 7.59 and a current ratio of 2.06. The stock has a market cap of C$168.48 million, a P/E ratio of -15.48 and a beta of 0.77. The company has a 50-day simple moving average of C$1.49 and a 200-day simple moving average of C$1.33.

Zentek Company Profile

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.