Zentek (CVE:ZEN) Shares Up 41.8% - Here's What Happened

Key Points

• Zentek Ltd. shares surged by 41.8% on a recent trading day, reaching as high as C$1.70 from a previous close of C$0.91.
• The stock experienced a dramatic 752% increase in trading volume, with approximately 407,343 shares traded compared to the average of 47,792 shares.
• Zentek is involved in the research and development of graphene and related nanomaterials, producing products like antimicrobial coatings and personal protective equipment.

Shares of Zentek Ltd. (CVE:ZEN - Get Free Report) traded up 41.8% on Wednesday . The stock traded as high as C$1.70 and last traded at C$1.29. 407,343 shares traded hands during mid-day trading, an increase of 752% from the average session volume of 47,792 shares. The stock had previously closed at C$0.91.

Zentek Stock Performance

The company has a 50-day simple moving average of C$1.20 and a two-hundred day simple moving average of C$1.57. 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 firm has a market cap of C$129.84 million, a PE ratio of -15.50 and a beta of 0.29.

Zentek Company Profile

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.