Cable Car Capital LP Makes New $775,000 Investment in Zentek Ltd. $ZTEK

Cable Car Capital LP acquired a new stake in Zentek Ltd. (NASDAQ:ZTEK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,692,000 shares of the company’s stock, valued at approximately $775,000. Cable Car Capital LP owned 1.34% of Zentek as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Periscope Capital Inc. acquired a new stake in Zentek during the 2nd quarter worth approximately $183,248,000. 0.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zentek in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Zentek currently has a consensus rating of “Sell”.

Zentek Stock Performance

Shares of ZTEK opened at $0.60 on Wednesday. The stock has a 50-day simple moving average of $0.53 and a 200-day simple moving average of $0.57. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.54 and a current ratio of 4.65. The stock has a market capitalization of $76.16 million, a PE ratio of -8.59 and a beta of 0.44. Zentek Ltd. has a 1 year low of $0.37 and a 1 year high of $1.24.

Zentek (NASDAQ:ZTEK) last released its earnings results on Friday, August 14th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Zentek had a negative net margin of 5,848.76% and a negative return on equity of 70.93%.

About Zentek

Zentek Ltd. (NASDAQ: ZTEK) is a nanotechnology company headquartered in Vancouver, British Columbia, specializing in the development and commercialization of advanced polymer and coating technologies. The company’s core focus is on materials engineered to enhance thermal management, structural performance and acoustic properties across a variety of end markets. By leveraging proprietary polymer chemistry, Zentek designs solutions that address critical performance challenges in energy storage, electronics and safety applications.

Zentek’s product portfolio includes phase-change materials and flexible polymer foams tailored for battery and power electronics thermal management in electric vehicles and stationary energy storage systems.