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Zentek (CVE:ZEN) Trading Up 21.5% - Still a Buy?

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

Zentek Stock Up 3.6 %

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 firm's 50 day moving average price is C$1.49 and its two-hundred day moving average price is C$1.33. The firm has a market cap of C$179.78 million, a price-to-earnings ratio of -16.51 and a beta of 0.77.

About Zentek

(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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