Zentek Ltd. (CVE:ZEN - Get Free Report) shares were down 15.6% on Monday . The company traded as low as C$1.08 and last traded at C$1.24. Approximately 313,825 shares were traded during mid-day trading, an increase of 611% from the average daily volume of 44,166 shares. The stock had previously closed at C$1.47.
Zentek Price 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 stock has a 50 day moving average of C$1.93 and a two-hundred day moving average of C$1.68. The stock has a market cap of C$134.58 million, a PE ratio of -12.36 and a beta of 0.77.
Insiders Place Their Bets
In other Zentek news, Senior Officer Colin Stuart Van Der Kuur sold 15,000 shares of Zentek stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of C$2.20, for a total transaction of C$33,000.00. 6.01% of the stock is currently owned by company insiders.
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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