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Zentek (CVE:ZEN) Shares Cross Below 200 Day Moving Average - Here's What Happened

Zentek logo with Medical background

Shares of Zentek Ltd. (CVE:ZEN - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.67 and traded as low as C$1.39. Zentek shares last traded at C$1.47, with a volume of 42,587 shares traded.

Zentek Stock Performance

The company has a market cap of C$151.01 million, a PE ratio of -13.87 and a beta of 0.77. The stock's 50 day simple moving average is C$2.02 and its two-hundred day simple moving average is C$1.67. The company has a quick ratio of 7.59, a current ratio of 2.06 and a debt-to-equity ratio of 4.97.

Insider Buying and Selling

In other news, Senior Officer Colin Stuart Van Der Kuur sold 15,000 shares of Zentek stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of C$2.20, for a total value of C$33,000.00. 6.01% of the stock is owned by corporate insiders.

About Zentek

(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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