Zentek (CVE:ZEN) Trading Up 41.8% - Time to Buy?

Key Points

• Zentek Ltd. shares increased by 41.8% during trading, reaching a last traded price of C$1.29, following a previous close of C$0.91.
• The stock's trading volume surged to approximately 407,343 shares, marking a 752% increase over its average daily volume of 47,792 shares.
• Zentek focuses on the research and development of graphene and related nanomaterials, offering products such as antimicrobial coatings and personal protective equipment.

Zentek Ltd. (CVE:ZEN - Get Free Report)'s stock price shot up 41.8% on Wednesday . The stock traded as high as C$1.70 and last traded at C$1.29. 407,343 shares changed 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 Trading Up 0.9%

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 company's fifty day moving average is C$1.20 and its two-hundred day moving average is C$1.57. The company has a market cap of C$122.51 million, a price-to-earnings ratio of -14.63 and a beta of 0.29.

Zentek Company Profile

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.