Zentek Ltd. (CVE:ZEN – Get Free Report)’s share price traded down 31.6% on Friday . The company traded as low as C$0.86 and last traded at C$0.93. 1,053,227 shares traded hands during trading, an increase of 1,143% from the average session volume of 84,742 shares. The stock had previously closed at C$1.36.
Zentek Stock Down 31.6%
The stock’s 50-day moving average price is C$0.80 and its two-hundred day moving average price is C$0.94. The stock has a market capitalization of C$100.02 million, a P/E ratio of -11.63 and a beta of 0.34. The company has a current ratio of 1.00, a quick ratio of 7.59 and a debt-to-equity ratio of 15.41.
Zentek Company Profile
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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