Zentek (CVE:ZEN) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Zentek Ltd. (CVE:ZENGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.85 and traded as low as C$0.62. Zentek shares last traded at C$0.64, with a volume of 200,911 shares traded.

Zentek Stock Performance

The company has a market cap of C$84.84 million, a PE ratio of -7.44 and a beta of 0.52. The company has a current ratio of 0.64, a quick ratio of 7.59 and a debt-to-equity ratio of 19.52. The business’s 50 day moving average is C$0.76 and its two-hundred day moving average is C$0.85.

About Zentek

(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. 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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