Zentek (CVE:ZEN) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Zentek Ltd. (CVE:ZENGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.32 and traded as high as C$1.52. Zentek shares last traded at C$1.52, with a volume of 15,885 shares changing hands.

Zentek Stock Up 1.3 %

The firm has a fifty day simple moving average of C$1.50 and a 200-day simple moving average of C$1.32. The firm has a market cap of C$156.15 million, a price-to-earnings ratio of -14.34 and a beta of 0.77. The company has a debt-to-equity ratio of 4.97, a quick ratio of 7.59 and a current ratio of 2.06.

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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