Zentek (CVE:ZEN) Stock Crosses Below 200 Day Moving Average - What's Next?

Zentek Ltd. (CVE:ZEN - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.31 and traded as low as C$0.99. Zentek shares last traded at C$1.10, with a volume of 61,541 shares.

Zentek Price Performance

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 capitalization of C$114.46 million, a PE ratio of -9.17 and a beta of 0.77. The firm's fifty day simple moving average is C$1.06 and its 200-day simple moving average is C$1.30.

Zentek (CVE:ZEN - Get Free Report) last released its quarterly earnings data on Monday, August 12th. The mining company reported C($0.03) earnings per share for the quarter. The firm had revenue of C$0.01 million for the quarter. On average, research analysts forecast that Zentek Ltd. will post -0.1 earnings per share for the current fiscal year.

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.