Zentek Ltd. (CVE:ZEN – Get Free Report) shares traded up 11.5% during mid-day trading on Friday . The company traded as high as C$0.88 and last traded at C$0.87. Approximately 124,341 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 157,268 shares. The stock had previously closed at C$0.78.
Zentek Trading Up 12.8%
The company has a market cap of C$111.43 million, a price-to-earnings ratio of -9.78 and a beta of 0.69. The company has a quick ratio of 7.59, a current ratio of 0.64 and a debt-to-equity ratio of 19.52. The company’s fifty day moving average price is C$0.69 and its two-hundred day moving average price is C$0.81.
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. 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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