Zentek (CVE:ZEN) Trading 0.6% Higher – Here’s What Happened

Zentek Ltd. (CVE:ZENGet Free Report)’s share price shot up 0.6% during mid-day trading on Wednesday . The stock traded as high as C$1.59 and last traded at C$1.57. 26,167 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 50,822 shares. The stock had previously closed at C$1.56.

Zentek Stock Performance

The firm has a fifty day moving average of C$1.27 and a 200-day moving average of C$1.29. The company has a quick ratio of 7.59, a current ratio of 2.20 and a debt-to-equity ratio of 5.91. The firm has a market cap of C$165.44 million, a P/E ratio of -13.25 and a beta of 0.77.

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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