Zentek (CVE:ZEN) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Zentek Ltd. (CVE:ZENGet Free Report)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.91 and traded as low as C$0.68. Zentek shares last traded at C$0.68, with a volume of 331,560 shares trading hands.

Zentek Stock Performance

The stock’s 50 day moving average price is C$0.79 and its 200 day moving average price is C$0.90. The company has a debt-to-equity ratio of 15.41, a quick ratio of 7.59 and a current ratio of 1.00. The company has a market capitalization of C$67.75 million, a P/E ratio of -7.88 and a beta of 0.52.

Zentek Company Profile

(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. It is also developing graphene oxide synthesis and graphene synthesis. In addition, the company owns 100% interest in the Albany graphite project located in Northern Ontario, Canada.

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