Zentek (CVE:ZEN) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Zentek Ltd. (CVE:ZEN - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.50 and traded as high as C$2.33. Zentek shares last traded at C$2.16, with a volume of 54,200 shares traded.

Zentek Trading Down 0.9%

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 company has a market cap of C$219.84 million, a price-to-earnings ratio of -20.19 and a beta of 0.77. The business has a 50 day simple moving average of C$1.67 and a 200 day simple moving average of C$1.53.

Insider Activity at Zentek

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

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.