Zentek (CVE:ZEN) Stock Price Up 41.8% - Time to Buy?

Key Points

• Zentek Ltd.'s stock price increased 41.8% on Tuesday, with shares trading as high as C$1.70 before settling at C$1.29.
• The trading volume surged to approximately 407,343 shares, which is an increase of 752% from the average daily volume of 47,792 shares.
• Zentek is involved in the research and development of graphene and related nanomaterials, including products like antimicrobial coatings and rapid diagnostic tests.

Shares of Zentek Ltd. (CVE:ZEN - ) rose 41.8% on Tuesday . The company traded as high as C$1.70 and last traded at C$1.29. Approximately 407,343 shares were traded during trading, an increase of 752% from the average daily volume of 47,792 shares. The stock had previously closed at C$0.91.

Zentek Stock Performance

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 50 day moving average of C$1.23 and a 200 day moving average of C$1.57. The firm has a market cap of C$135.08 million, a price-to-earnings ratio of -16.13 and a beta of 0.57.

About Zentek

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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