Zentek (CVE:ZEN) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Zentek Ltd. (CVE:ZENGet Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.31 and traded as low as C$0.99. Zentek shares last traded at C$1.10, with a volume of 61,541 shares trading hands.

Zentek Stock Performance

The company has a quick ratio of 7.59, a current ratio of 2.20 and a debt-to-equity ratio of 5.91. The stock has a market cap of C$112.37 million, a P/E ratio of -9.00 and a beta of 0.77. The business has a 50 day moving average price of C$1.06 and a 200 day moving average price of C$1.30.

Zentek (CVE:ZENGet Free Report) last posted its earnings results on Monday, August 12th. The mining company reported C($0.03) earnings per share for the quarter. The business had revenue of C$0.01 million during the quarter. As a group, sell-side analysts expect that Zentek Ltd. will post -0.1 EPS for the current year.

About Zentek

(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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