Zentek (CVE:ZEN) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Zentek Ltd. (CVE:ZENGet Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.32 and traded as low as C$1.30. Zentek shares last traded at C$1.32, with a volume of 20,177 shares changing hands.

Zentek Price Performance

The stock has a market cap of C$135.60 million, a price-to-earnings ratio of -12.46 and a beta of 0.77. The stock has a fifty day simple moving average of C$1.50 and a 200-day simple moving average of C$1.32. The company has a current ratio of 2.06, a quick ratio of 7.59 and a debt-to-equity ratio of 4.97.

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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