Zentek (CVE:ZEN) Trading 29.7% Higher - Here's What Happened

Key Points

• Zentek Ltd. (CVE:ZEN) experienced a significant stock price increase of 29.7%, reaching a last traded price of C$1.18 after trading as high as C$1.70.
• The company's trading volume surged to 397,143 shares, marking a 734% increase compared to the average session volume.
• Zentek focuses on the research and development of graphene and related nanomaterials, producing products such as antimicrobial coatings and personal protective equipment.

Zentek Ltd. (CVE:ZEN - )'s stock price traded up 29.7% during mid-day trading on Tuesday . The company traded as high as C$1.70 and last traded at C$1.18. 397,143 shares traded hands during trading, an increase of 734% from the average session volume of 47,629 shares. The stock had previously closed at C$0.91.

Zentek Stock Up 41.8%

The stock has a 50 day moving average price of C$1.24 and a 200-day moving average price of C$1.58. The stock has a market capitalization of C$135.08 million, a P/E ratio of -16.13 and a beta of 0.57. The company has a debt-to-equity ratio of 4.97, a current ratio of 2.06 and a quick ratio of 7.59.

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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