Zentek Ltd. (CVE:ZEN – Get Free Report)’s stock price was up 19.7% on Wednesday . The company traded as high as C$1.47 and last traded at C$1.40. Approximately 107,936 shares traded hands during trading, an increase of 54% from the average daily volume of 70,028 shares. The stock had previously closed at C$1.17.
Zentek Trading Up 18.8%
The company has a current ratio of 1.00, a quick ratio of 7.59 and a debt-to-equity ratio of 15.41. The business’s 50-day moving average is C$0.78 and its two-hundred day moving average is C$0.94. The firm has a market cap of C$149.49 million, a P/E ratio of -17.38 and a beta of 0.34.
About Zentek
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. It is also developing graphene oxide synthesis and graphene synthesis. In addition, the company owns 100% interest in the Albany graphite project located in Northern Ontario, Canada.
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