Zentek (CVE:ZEN) Shares Pass Below 200 Day Moving Average of $1.43

Zentek Ltd. (CVE:ZEN) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.43 and traded as low as C$0.95. Zentek shares last traded at C$0.95, with a volume of 31,931 shares.

Zentek Trading Down 7.8 %

The company has a quick ratio of 7.59, a current ratio of 2.20 and a debt-to-equity ratio of 5.91. The company’s fifty day moving average price is C$1.27 and its two-hundred day moving average price is C$1.43. The company has a market cap of C$98.85 million, a price-to-earnings ratio of -7.92 and a beta of 0.84.

Zentek (CVE:ZEN) last announced its quarterly earnings data on Monday, August 12th. The mining company reported C($0.03) earnings per share (EPS) for the quarter. The business had revenue of C$0.01 million for the quarter. Research analysts expect that Zentek Ltd. will post -0.1 earnings per share for the current year.

About Zentek

Zentek Ltd. engages in the research and development of graphene and related nanomaterials in Canada. It owns 100% interest in the Albany Graphite project located in Northern Ontario, 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 compound.