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Zentek (CVE:ZEN) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Zentek logo with Medical background
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Zentek Ltd. (CVE:ZEN - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.37 and traded as low as C$1.37. Zentek shares last traded at C$1.45, with a volume of 12,600 shares trading hands.

Zentek Stock Down 2.9 %

The company has a market capitalization of C$138.69 million, a price-to-earnings ratio of -12.74 and a beta of 0.77. The company has a debt-to-equity ratio of 4.97, a current ratio of 2.06 and a quick ratio of 7.59. The firm's fifty day moving average price is C$1.48 and its 200-day moving average price is C$1.38.

Zentek Company Profile

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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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