Zentek (CVE:ZEN) Shares Up 21.5% – Should You Buy?

Shares of Zentek Ltd. (CVE:ZEN) shot up 21.5% during trading on Friday . The stock traded as high as C$1.70 and last traded at C$1.64. 147,738 shares were traded during 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 current ratio of 2.06 and a quick ratio of 7.59. The firm’s 50-day moving average price is C$1.49 and its 200 day moving average price is C$1.33. The firm has a market cap of C$168.48 million, a P/E ratio of -15.48 and a beta of 0.77.

Zentek Company Profile

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.