Zentek (CVE:ZEN) Share Price Passes Below 200 Day Moving Average - What's Next?

Key Points

• Zentek Ltd. shares fell below their 200-day moving average of C$1.52, trading as low as C$1.00 before closing at C$1.05.
• The company has a market capitalization of C$109.95 million and a P/E ratio of -13.13, indicating potential challenges in profitability.
• Zentek is involved in the research and development of graphene-based products, including antimicrobial coatings and personal protective equipment.

Zentek Ltd. (CVE:ZEN - )'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.52 and traded as low as C$1.00. Zentek shares last traded at C$1.05, with a volume of 135,278 shares changing hands.

Zentek Stock Performance

The stock has a market capitalization of C$109.95 million, a P/E ratio of -13.13 and a beta of 0.39. The company has a quick ratio of 7.59, a current ratio of 2.06 and a debt-to-equity ratio of 4.97. The business has a fifty day moving average price of C$1.13 and a 200-day moving average price of C$1.52.

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.

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