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Zentek (CVE:ZEN) Shares Pass Below 200 Day Moving Average - What's Next?

Zentek logo with Medical background

Zentek Ltd. (CVE:ZEN - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.57 and traded as low as C$0.94. Zentek shares last traded at C$1.29, with a volume of 407,343 shares traded.

Zentek Trading Up 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 stock's 50-day moving average is C$1.20 and its two-hundred day moving average is C$1.57. The stock has a market cap of C$122.51 million, a P/E ratio of -14.63 and a beta of 0.29.

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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