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Zentek (CVE:ZEN) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Zentek logo with Medical background
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Zentek Ltd. (CVE:ZEN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.35 and traded as high as C$1.68. Zentek shares last traded at C$1.62, with a volume of 92,950 shares traded.

Zentek Stock Performance

The stock has a market capitalization of C$164.37 million, a P/E ratio of -15.10 and a beta of 0.77. The company has a current ratio of 2.06, a quick ratio of 7.59 and a debt-to-equity ratio of 4.97. The company has a 50-day moving average price of C$1.51 and a two-hundred day moving average price of C$1.36.

Zentek Company Profile

(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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