Shares of Zentek Ltd. (CVE:ZEN - Get Free Report) shot up 41.8% on Wednesday . The company 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 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's fifty day moving average is C$1.19 and its two-hundred day moving average is C$1.56. The firm has a market cap of C$124.60 million, a price-to-earnings ratio of -14.88 and a beta of 0.29.
Zentek Company Profile
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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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