Zentek Ltd. (CVE:ZEN - Get Free Report)'s share price was up 17.7% during mid-day trading on Wednesday . The company traded as high as C$2.48 and last traded at C$2.39. Approximately 260,536 shares were traded during mid-day trading, an increase of 528% from the average daily volume of 41,460 shares. The stock had previously closed at C$2.03.
Zentek Stock Performance
The firm has a fifty day moving average of C$1.56 and a 200-day moving average of C$1.47. 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 stock has a market capitalization of C$256.83 million, a price-to-earnings ratio of -23.59 and a beta of 0.77.
About Zentek
(
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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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