Zentek Ltd. (CVE:ZEN – Get Free Report) shares rose 41.8% during trading on Wednesday . The stock traded as high as C$1.70 and last traded at C$1.29. Approximately 407,343 shares changed hands during trading, an increase of 752% from the average daily volume of 47,792 shares. The stock had previously closed at C$0.91.
Zentek Stock Performance
The company has a market cap of C$135.08 million, a price-to-earnings ratio of -16.13 and a beta of 0.57. The firm has a 50-day simple moving average of C$1.23 and a 200 day simple moving average of C$1.57. The company has a quick ratio of 7.59, a current ratio of 2.06 and a debt-to-equity ratio of 4.97.
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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