Zentek Ltd. (NASDAQ:ZTEK - Get Free Report) shares traded down 2.8% on Monday . The company traded as low as $1.52 and last traded at $1.54. 41,009 shares were traded during mid-day trading, a decline of 5% from the average session volume of 43,323 shares. The stock had previously closed at $1.59.
Zentek Trading Up 2.4%
The stock has a market capitalization of $157.55 million, a PE ratio of -21.50 and a beta of 0.73. The stock's 50 day moving average price is $1.34 and its 200-day moving average price is $1.15. The company has a quick ratio of 1.48, a current ratio of 1.83 and a debt-to-equity ratio of 0.01.
Institutional Investors Weigh In On Zentek
A number of institutional investors have recently bought and sold shares of ZTEK. Two Sigma Securities LLC bought a new position in shares of Zentek in the fourth quarter worth about $31,000. Scotia Capital Inc. lifted its holdings in Zentek by 5.7% in the 4th quarter. Scotia Capital Inc. now owns 958,771 shares of the company's stock worth $867,000 after purchasing an additional 51,744 shares in the last quarter. Finally, Anson Funds Management LP bought a new position in Zentek in the 4th quarter worth approximately $145,000. Hedge funds and other institutional investors own 0.77% of the company's stock.
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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