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

Key Points

• Zentek Ltd. (CVE:ZEN) shares surged by 41.8%, trading as high as C$1.70 before closing at C$1.29.
• The company's trading volume was significantly higher, with 407,343 shares changing hands, a 752% increase from the average.
• Zentek focuses on the research and development of graphene and related nanomaterials, including products like antimicrobial coatings and surgical masks.

Zentek Ltd. (CVE:ZEN - Get Free Report)'s stock price was up 41.8% during trading 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 mid-day 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 debt-to-equity ratio of 4.97, a quick ratio of 7.59 and a current ratio of 2.06. The firm has a market cap of C$122.51 million, a P/E ratio of -14.63 and a beta of 0.29. The business's 50-day simple moving average is C$1.20 and its 200 day simple moving average is C$1.57.

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.