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Zentek (CVE:ZEN) Stock 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) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.32 and traded as high as C$1.52. Zentek shares last traded at C$1.52, with a volume of 15,885 shares changing hands.

Zentek Stock Performance

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 50 day moving average price of C$1.49 and a two-hundred day moving average price of C$1.32. The company has a market capitalization of C$147.93 million, a P/E ratio of -13.59 and a beta of 0.77.

About Zentek

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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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