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Zentek (CVE:ZEN) Trading 17.7% Higher - What's Next?

Zentek logo with Medical background

Zentek Ltd. (CVE:ZEN - Get Free Report)'s stock price 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 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 Up 7.6 %

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 company has a market capitalization of C$248.61 million, a PE ratio of -22.84 and a beta of 0.77. The business has a 50-day moving average of C$1.54 and a 200 day moving average of C$1.46.

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.

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