Zentek (CVE:ZEN) Stock Price Down 19% - Time to Sell?

Zentek Ltd. (CVE:ZEN - Get Free Report) was down 19% during mid-day trading on Monday . The stock traded as low as C$1.08 and last traded at C$1.19. Approximately 263,425 shares were traded during mid-day trading, an increase of 509% from the average daily volume of 43,223 shares. The stock had previously closed at C$1.47.

Zentek Trading Down 2.5%

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 firm's 50 day moving average price is C$1.87 and its 200-day moving average price is C$1.67. The stock has a market cap of C$122.25 million, a P/E ratio of -11.23 and a beta of 0.77.

Insider Buying and Selling at Zentek

In other news, Senior Officer Colin Stuart Van Der Kuur sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of C$2.20, for a total transaction of C$33,000.00. 6.01% of the stock is owned by insiders.

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.