Zentek (CVE:ZEN) Shares Up 41.8% - What's Next?

Key Points

• Zentek Ltd. shares surged by 41.8% during trading, reaching highs of C$1.70 before closing at C$1.29.
• The company reported a significant increase in trading volume, with approximately 407,343 shares exchanged, a 752% increase from its average daily volume.
• Zentek specializes in the research and development of graphene and related nanomaterials, offering products like antimicrobial coatings, surgical masks, and rapid diagnostic tests.

Zentek Ltd. (CVE:ZEN - Get Free Report)'s share price shot up 41.8% during mid-day trading on Wednesday . The company traded as high as C$1.70 and last traded at C$1.29. 407,343 shares were traded 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 Trading Up 1.7%

The business's fifty day moving average is C$1.19 and its 200-day moving average is C$1.56. The stock has a market capitalization of C$124.60 million, a PE ratio of -14.88 and a beta of 0.29. 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.