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

Key Points

• Zentek stock fell below its 200-day moving average, trading as low as C$0.82 versus the 200-day MA of C$1.05 on Tuesday with 10,760 shares changing hands.
• The company has a market capitalization of C$88.19 million and a negative PE of -10.25, with a quick ratio of 7.59 and a debt-to-equity ratio of 15.41.
• Zentek focuses on graphene R&D and develops products including graphene-based antimicrobial coatings, PPE, HVAC filters and rapid diagnostic tests, and it owns the Albany graphite project in Northern Ontario.

Zentek Ltd. (CVE:ZEN - ) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.05 and traded as low as C$0.82. Zentek shares last traded at C$0.82, with a volume of 10,760 shares trading hands.

Zentek Stock Performance

The stock has a market capitalization of C$88.19 million, a PE ratio of -10.25 and a beta of 0.22. The company has a quick ratio of 7.59, a current ratio of 1.00 and a debt-to-equity ratio of 15.41. The stock has a fifty day moving average of C$0.96 and a 200-day moving average of C$1.05.

About Zentek

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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