Zentek Ltd. (CVE:ZEN – Get Free Report) shot up 8.6% on Tuesday . The stock traded as high as C$1.05 and last traded at C$1.01. 261,159 shares were traded during mid-day trading, an increase of 193% from the average session volume of 89,159 shares. The stock had previously closed at C$0.93.
Zentek Trading Up 3.1%
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 firm has a fifty day simple moving average of C$0.80 and a two-hundred day simple moving average of C$0.94. The firm has a market cap of C$106.47 million, a PE ratio of -12.38 and a beta of 0.34.
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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