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Zentek (CVE:ZEN) Stock Price Up 0.6% - Should You Buy?

Zentek logo with Medical background

Zentek Ltd. (CVE:ZEN - Get Free Report)'s stock price traded up 0.6% during mid-day trading on Wednesday . The company traded as high as C$1.59 and last traded at C$1.57. 26,167 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 50,822 shares. The stock had previously closed at C$1.56.

Zentek Price Performance

The company has a debt-to-equity ratio of 5.91, a current ratio of 2.20 and a quick ratio of 7.59. The firm has a market capitalization of C$165.96 million, a price-to-earnings ratio of -13.29 and a beta of 0.77. The business's fifty day simple moving average is C$1.26 and its 200 day simple moving average is C$1.29.

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.

Further Reading

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