Zentek (CVE:ZEN) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Zentek Ltd. (CVE:ZEN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.32 and traded as high as C$1.41. Zentek shares last traded at C$1.32, with a volume of 18,300 shares traded.

Zentek Stock Down 1.5 %

The company has a debt-to-equity ratio of 4.97, a current ratio of 2.06 and a quick ratio of 7.59. The business has a 50 day simple moving average of C$1.49 and a 200 day simple moving average of C$1.32. The company has a market capitalization of C$135.60 million, a price-to-earnings ratio of -12.46 and a beta of 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.