Zentek Ltd. (CVE:ZEN – Get Free Report)’s share price shot up 21.5% during trading on Thursday . The stock traded as high as C$1.70 and last traded at C$1.64. 147,738 shares traded hands during mid-day trading, an increase of 343% from the average session volume of 33,375 shares. The stock had previously closed at C$1.35.
Zentek Stock 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’s fifty day simple moving average is C$1.49 and its two-hundred day simple moving average is C$1.33. The company has a market capitalization of C$168.48 million, a price-to-earnings ratio of -15.48 and a beta of 0.77.
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.
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