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Zentek (CVE:ZEN) Shares Up 44% - Time to Buy?

Zentek logo with Medical background

Key Points

  • Zentek Ltd. saw its stock price surge by 44% during trading, reaching a peak of C$1.70, after closing at C$0.91.
  • Approximately 240,380 shares were traded, marking a significant increase of 420% in volume compared to its average daily trading volume.
  • The company specializes in graphene-based technologies, including antimicrobial coatings, surgical masks, and diagnostics tests.
  • Five stocks we like better than Zentek.

Zentek Ltd. (CVE:ZEN - Get Free Report)'s stock price rose 44% during trading on Tuesday . The stock traded as high as C$1.70 and last traded at C$1.31. Approximately 240,380 shares traded hands during trading, an increase of 420% from the average daily volume of 46,248 shares. The stock had previously closed at C$0.91.

Zentek Price Performance

The company has a market capitalization of C$135.08 million, a P/E ratio of -16.13 and a beta of 0.57. The company has a fifty day moving average price of C$1.24 and a 200 day moving average price of C$1.58. The company has a debt-to-equity ratio of 4.97, a current ratio of 2.06 and a quick ratio of 7.59.

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.

See Also

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