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

Key Points

• Zentek Ltd. shares fell below their 200-day moving average during trading on Wednesday, with the stock last at C$1.16, down from a high of C$1.65.
• The company has a market capitalization of C$119.17 million and a negative PE ratio, indicating significant financial challenges.
• Zentek specializes in the research and development of graphene and related nanomaterials, producing products like antimicrobial coatings and personal protective equipment.

Shares of Zentek Ltd. (CVE:ZEN - ) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.65 and traded as low as C$1.15. Zentek shares last traded at C$1.16, with a volume of 50,338 shares changing hands.

Zentek Trading Up 0.9%

The firm has a market capitalization of C$119.17 million, a PE ratio of -10.95 and a beta of 0.77. 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's fifty day simple moving average is C$1.58 and its 200 day simple moving average is C$1.65.

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.

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