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Zentek (CVE:ZEN) Stock Price Up 14.8% - Still a Buy?

Zentek logo with Medical background

Zentek Ltd. (CVE:ZEN - Get Free Report) was up 14.8% during trading on Tuesday . The company traded as high as C$2.48 and last traded at C$2.33. Approximately 229,934 shares were traded during mid-day trading, an increase of 464% from the average daily volume of 40,788 shares. The stock had previously closed at C$2.03.

Zentek Stock Performance

The stock has a 50 day moving average of C$1.56 and a 200 day moving average of C$1.48. The firm has a market cap of C$256.83 million, a price-to-earnings ratio of -23.59 and a beta of 0.77. The company has a quick ratio of 7.59, a current ratio of 2.06 and a debt-to-equity ratio of 4.97.

About Zentek

(Get Free Report)

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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