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

Zentek Ltd. (CVE:ZEN)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.77 and traded as low as C$0.73. Zentek shares last traded at C$0.74, with a volume of 45,751 shares traded.

Zentek Stock Performance

The company has a debt-to-equity ratio of 7.62, a current ratio of 4.65 and a quick ratio of 7.59. The company has a market cap of C$89.90 million, a price-to-earnings ratio of -7.32 and a beta of 0.33. The stock has a 50-day moving average price of C$0.78 and a 200 day moving average price of C$0.77.

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.