Zentek (CVE:ZEN) Stock Price Up 17.7% – Still a Buy?

Zentek Ltd. (CVE:ZENGet Free Report) shares were up 17.7% during trading on Tuesday . The company traded as high as C$2.48 and last traded at C$2.39. Approximately 260,536 shares were traded during mid-day trading, an increase of 528% from the average daily volume of 41,460 shares. The stock had previously closed at C$2.03.

Zentek Stock Up 17.7 %

The company has a market capitalization of C$245.53 million, a P/E ratio of -22.55 and a beta of 0.77. The company has a 50-day moving average of C$1.51 and a two-hundred day moving average of C$1.44. The company has a quick ratio of 7.59, a current ratio of 2.06 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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