Shares of Zentek Ltd. (CVE:ZEN - Get Free Report) shot up 17.7% during mid-day trading on Wednesday . The stock traded as high as C$2.48 and last traded at C$2.39. 260,536 shares changed hands during mid-day trading, an increase of 528% from the average session volume of 41,460 shares. The stock had previously closed at C$2.03.
Zentek Stock Down 2.8 %
The stock's 50-day simple moving average is C$1.56 and its 200 day simple moving average is C$1.48. 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 firm has a market cap of C$249.64 million, a P/E ratio of -22.93 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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