Shares of Zentek Ltd. (CVE:ZEN - Get Free Report) rose 17.7% during mid-day trading on Wednesday . The stock traded as high as C$2.48 and last traded at C$2.39. Approximately 260,536 shares were traded during trading, an increase of 528% from the average daily volume of 41,460 shares. The stock had previously closed at C$2.03.
Zentek Stock Up 3.3 %
The firm has a market capitalization of C$256.83 million, a price-to-earnings ratio of -23.59 and a beta of 0.77. The stock has a fifty day moving average of C$1.56 and a two-hundred day moving average of C$1.47. 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
(
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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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