Zentek (CVE:ZEN) Stock Price Crosses Below 200 Day Moving Average - Here's Why

Key Points

• Zentek Ltd. (CVE:ZEN) shares dropped below their 200-day moving average of C$1.54, trading as low as C$1.04 before closing at C$1.17.
• The company has a market capitalization of C$122.51 million and a high debt-to-equity ratio of 4.97, indicating significant leverage.
• Zentek focuses on the research and development of graphene and related nanomaterials, including products like antimicrobial coatings and personal protective equipment.

Zentek Ltd. (CVE:ZEN - )'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.54 and traded as low as C$1.04. Zentek shares last traded at C$1.17, with a volume of 120,952 shares traded.

Zentek Trading Up 9.3%

The business's 50 day simple moving average is C$1.14 and its 200 day simple moving average is C$1.54. 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 capitalization of C$122.51 million, a price-to-earnings ratio of -14.63 and a beta of 0.39.

About Zentek

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.

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