Zentek (CVE:ZEN) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Zentek Ltd. (CVE:ZENGet Free Report)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.29 and traded as low as C$1.06. Zentek shares last traded at C$1.11, with a volume of 55,491 shares.

Zentek Price Performance

The stock has a market cap of C$115.50 million, a PE ratio of -9.25 and a beta of 0.77. The company’s 50 day moving average is C$1.04 and its 200-day moving average is C$1.29. The company has a current ratio of 2.20, a quick ratio of 7.59 and a debt-to-equity ratio of 5.91.

Zentek (CVE:ZENGet Free Report) last issued its earnings results on Monday, August 12th. The mining company reported C($0.03) earnings per share (EPS) for the quarter. The firm had revenue of C$0.01 million for the quarter. As a group, sell-side analysts predict that Zentek Ltd. will post -0.1 earnings per share for the current year.

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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