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

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.

Zentek Ltd. (CVE:ZEN - Get Free Report) shares traded up 41.8% on Tuesday . The company traded as high as C$1.70 and last traded at C$1.29. 407,343 shares changed hands during 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 firm has a market capitalization of C$122.51 million, a price-to-earnings ratio of -14.63 and a beta of 0.29. The stock's fifty day moving average is C$1.20 and its two-hundred day moving average is 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.

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.