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Zentek (CVE:ZEN) Trading Up 17.7% - Should You Buy?

Zentek logo with Medical background

Zentek Ltd. (CVE:ZEN - Get Free Report) shares traded up 17.7% during trading on Wednesday . The company traded as high as C$2.48 and last traded at C$2.39. 260,536 shares were traded during 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 Down 2.8 %

The stock has a 50-day moving average of C$1.56 and a 200 day moving average of C$1.48. 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 company has a market capitalization of C$249.64 million, a PE ratio of -22.93 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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