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Zentek (CVE:ZEN) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Zentek logo with Medical background
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Zentek Ltd. (CVE:ZEN - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.31 and traded as high as C$1.62. Zentek shares last traded at C$1.54, with a volume of 15,788 shares changing hands.

Zentek Price Performance

The company has a market cap of C$166.42 million, a PE ratio of -15.29 and a beta of 0.77. The business's 50 day moving average price is C$1.50 and its 200-day moving average price is C$1.31. The company has a quick ratio of 7.59, a current ratio of 2.06 and a debt-to-equity ratio of 4.97.

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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