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Zentek (NASDAQ:ZTEK) Stock Price Down 11.4% - Here's What Happened

Zentek logo with Business Services background

Zentek Ltd. (NASDAQ:ZTEK - Get Free Report) traded down 11.4% during mid-day trading on Thursday . The stock traded as low as $0.66 and last traded at $0.70. 22,779 shares were traded during trading, a decline of 21% from the average session volume of 28,854 shares. The stock had previously closed at $0.79.

Zentek Price Performance

The company's 50 day moving average price is $0.77 and its 200-day moving average price is $0.95. The company has a market capitalization of $70.78 million, a PE ratio of -8.75 and a beta of 0.73. The company has a current ratio of 2.20, a quick ratio of 1.54 and a debt-to-equity ratio of 0.02.

Zentek (NASDAQ:ZTEK - Get Free Report) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.02) earnings per share (EPS) for the quarter. Zentek had a negative net margin of 31,538.46% and a negative return on equity of 51.71%.

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.

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