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Zentek (CVE:ZEN) Trading Up 21.5% - Here's Why

Zentek logo with Medical background
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Zentek Ltd. (CVE:ZEN - Get Free Report)'s stock price was up 21.5% on Friday . The company traded as high as C$1.70 and last traded at C$1.64. Approximately 147,738 shares traded hands during trading, an increase of 343% from the average daily volume of 33,375 shares. The stock had previously closed at C$1.35.

Zentek Stock Down 5.7 %

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 stock's fifty day simple moving average is C$1.50 and its 200-day simple moving average is C$1.34. The stock has a market cap of C$169.51 million, a P/E ratio of -15.57 and a beta of 0.77.

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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