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Zentek (CVE:ZEN) Share Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Zentek logo with Medical background
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Zentek Ltd. (CVE:ZEN - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.32 and traded as low as C$1.30. Zentek shares last traded at C$1.32, with a volume of 20,177 shares traded.

Zentek Trading Up 3.1 %

The business has a fifty day simple moving average of C$1.50 and a 200-day simple moving average of C$1.32. The company has a debt-to-equity ratio of 4.97, a quick ratio of 7.59 and a current ratio of 2.06. The firm has a market cap of C$137.66 million, a price-to-earnings ratio of -12.64 and a beta of 0.77.

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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