ZEN Graphene Solutions (OTCMKTS:ZENYF) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

ZEN Graphene Solutions Ltd. (OTCMKTS:ZENYFGet Free Report)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.84 and traded as low as $2.60. ZEN Graphene Solutions shares last traded at $2.84, with a volume of 38,800 shares changing hands.

ZEN Graphene Solutions Stock Up 10.9 %

The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.85 and a current ratio of 3.85. The company has a 50 day moving average price of $2.84. The firm has a market capitalization of $281.50 million, a PE ratio of -35.50 and a beta of 0.60.

About ZEN Graphene Solutions

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Zentek Ltd. is an emerging high-tech nano-graphite and graphene materials company. It focuses on the development of Albany Graphite Deposit project. The company was founded on July 29, 2008 and is headquartered in Thunder Bay, Canada.

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