Shares of Zentek Ltd. (CVE:ZEN – Get Free Report) were up 16.3% during mid-day trading on Thursday . The company traded as high as C$1.70 and last traded at C$1.57. Approximately 121,928 shares were traded during trading, an increase of 271% from the average daily volume of 32,875 shares. The stock had previously closed at C$1.35.
Zentek Price Performance
The business’s fifty day simple moving average is C$1.48 and its 200-day simple moving average is C$1.33. The company has a current ratio of 2.06, a quick ratio of 7.59 and a debt-to-equity ratio of 4.97. The firm has a market cap of C$169.51 million, a P/E ratio of -15.57 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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