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Zentek (CVE:ZEN) Trading Up 17.7% - Still a Buy?

Zentek logo with Medical background

Zentek Ltd. (CVE:ZEN - Get Free Report) traded up 17.7% during trading on Wednesday . The stock traded as high as C$2.48 and last traded at C$2.39. 260,536 shares changed hands during mid-day trading, an increase of 528% from the average session volume of 41,460 shares. The stock had previously closed at C$2.03.

Zentek Stock Performance

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 has a fifty day moving average price of C$1.54 and a two-hundred day moving average price of C$1.46. The company has a market cap of C$256.83 million, a P/E ratio of -23.59 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.

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