Zentek (CVE:ZEN) Share Price Crosses Below 200-Day Moving Average of $1.64

Zentek Ltd. (CVE:ZEN)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.64 and traded as low as C$1.47. Zentek shares last traded at C$1.51, with a volume of 34,610 shares changing hands.

Zentek Stock Down 2.6 %

The business has a fifty day simple moving average of C$1.63 and a 200 day simple moving average of C$1.64. The firm has a market cap of C$152.24 million, a price-to-earnings ratio of -13.73 and a beta of 0.86. The company has a debt-to-equity ratio of 5.68, a current ratio of 6.05 and a quick ratio of 7.59.

Zentek (CVE:ZEN) last announced its earnings results on Monday, February 12th. The mining company reported C($0.03) EPS for the quarter. The business had revenue of C$0.01 million during the quarter. As a group, equities analysts forecast that Zentek Ltd. will post -0.1 EPS for the current fiscal year.

About Zentek

Zentek Ltd. engages in the research and development of graphene and related nanomaterials in Canada. It owns 100% interest in the Albany Graphite project located in Northern Ontario, 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 compound.