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Zentek (CVE:ZEN) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

Zentek logo with Medical background

Zentek Ltd. (CVE:ZEN - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.67 and traded as low as C$1.46. Zentek shares last traded at C$1.46, with a volume of 41,455 shares trading hands.

Zentek Stock Performance

The company's 50-day moving average price is C$1.97 and its two-hundred day moving average price is C$1.67. The company has a market capitalization of C$148.96 million, a price-to-earnings ratio of -13.68 and a beta of 0.77. The company has a debt-to-equity ratio of 4.97, a current ratio of 2.06 and a quick ratio of 7.59.

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 dated Thursday, May 8th. The stock was sold at an average price of C$2.20, for a total value of C$33,000.00. Company insiders own 6.01% of the company's stock.

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.

Further Reading

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