Zentek (CVE:ZEN) Shares Up 16.3% – Here’s Why

Zentek Ltd. (CVE:ZENGet Free Report) rose 16.3% during trading on Thursday . The stock traded as high as C$1.70 and last traded at C$1.57. Approximately 121,928 shares were traded during trading, an increase of 271% from the average daily volume of 32,875 shares. The stock had previously closed at C$1.35.

Zentek Stock Up 3.0 %

The company has a current ratio of 2.06, a quick ratio of 7.59 and a debt-to-equity ratio of 4.97. The company has a market cap of C$173.62 million, a price-to-earnings ratio of -15.95 and a beta of 0.77. The firm’s fifty day simple moving average is C$1.49 and its 200 day simple moving average is C$1.33.

Zentek Company Profile

(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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