Zentek (CVE:ZEN) Shares Cross Below Two Hundred Day Moving Average – What’s Next?
by Danessa Lincoln · The Markets DailyZentek Ltd. (CVE:ZEN – Get 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
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.