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Zentek (CVE:ZEN) Stock Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Zentek logo with Medical background

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.
  • Five stocks to consider instead of Zentek.

Zentek Ltd. (CVE:ZEN - Get Free Report)'s stock price passed 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 Stock Performance

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 business has a 50 day simple moving average of C$1.54 and a two-hundred day simple moving average of C$1.64. The firm has a market cap of C$117.11 million, a PE ratio of -10.76 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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