Zentek (CVE:ZEN) Stock Passes Below 200-Day Moving Average - Here's What Happened

Zentek Ltd. (CVE:ZEN - Get Free Report)'s share 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.

Zentek Stock Up 1.4%

The stock's fifty day moving average is C$1.93 and its two-hundred day moving average is C$1.68. The company has a current ratio of 2.06, a quick ratio of 7.59 and a debt-to-equity ratio of 4.97. The firm has a market cap of C$151.01 million, a P/E ratio of -13.87 and a beta of 0.77.

Insider Activity at Zentek

In other news, Senior Officer Colin Stuart Van Der Kuur sold 15,000 shares of the 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 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.