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

Zentek logo with Medical background

Key Points

  • Zentek Ltd. (CVE:ZEN) stock has dropped below its 200-day moving average, trading as low as C$0.94, with a current price of C$0.95.
  • The company has a significant debt-to-equity ratio of 4.97 and a market capitalization of C$97.59 million.
  • Zentek is engaged in the research and development of graphene and related nanomaterials, including products like antimicrobial coatings and surgical masks.
  • Want stock alerts on Zentek? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Zentek Ltd. (CVE:ZEN - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.60 and traded as low as C$0.94. Zentek shares last traded at C$0.95, with a volume of 49,220 shares changing hands.

Zentek Stock Performance

The business's fifty day moving average is C$1.31 and its two-hundred day moving average is C$1.59. The company has a quick ratio of 7.59, a current ratio of 2.06 and a debt-to-equity ratio of 4.97. The stock has a market capitalization of C$95.54 million, a PE ratio of -8.78 and a beta of 0.77.

Zentek Company Profile

(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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