Zentek (CVE:ZEN) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Zentek Ltd. (CVE:ZEN) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.29 and traded as low as C$1.25. Zentek shares last traded at C$1.26, with a volume of 88,926 shares changing hands.

Zentek Stock Performance

The company has a current ratio of 2.20, a quick ratio of 7.59 and a debt-to-equity ratio of 5.91. The company has a market capitalization of C$129.02 million, a PE ratio of -10.33 and a beta of 0.77. The firm’s 50-day simple moving average is C$1.33 and its 200-day simple moving average is C$1.29.

About Zentek

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.