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Zentek (CVE:ZEN) Stock Price Up 41.8% - Here's What Happened

Zentek logo with Medical background

Key Points

  • Zentek Ltd. saw its share price increase by 41.8% on Wednesday, reaching a high of C$1.70 before closing at C$1.29.
  • The trading volume surged to approximately 407,343 shares, representing a 752% increase from its average daily volume of 47,792 shares.
  • Zentek specializes in the research and development of graphene and related nanomaterials, producing products such as antimicrobial coatings, surgical masks, and diagnostic tests.
  • MarketBeat previews top five stocks to own in October.

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

(Get Free Report)

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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