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Zentek (CVE:ZEN) Stock Price Up 41.8% - Should You Buy?

Zentek logo with Medical background

Key Points

  • Zentek Ltd. experienced a significant stock price increase of 41.8%, trading as high as C$1.70 before last trading at C$1.29.
  • Trading volume surged to 407,343 shares, a 752% increase from its average volume of 47,792 shares.
  • The company specializes in the research and development of graphene and related nanomaterials, offering products such as antimicrobial coatings and personal protective equipment.
  • MarketBeat previews the top five stocks to own by October 1st.

Zentek Ltd. (CVE:ZEN - Get Free Report) shares traded up 41.8% during trading on Tuesday . The stock traded as high as C$1.70 and last traded at C$1.29. 407,343 shares traded hands 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 Stock Performance

The business has a fifty day simple moving average of C$1.20 and a two-hundred day simple moving average of C$1.57. The company has a market cap of C$122.51 million, a P/E ratio of -14.63 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.

Zentek Company Profile

(Get Free Report)

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.

Further Reading

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