Shares of Zentek Ltd. (CVE:ZEN – Get Free Report) shot up 21.5% on Thursday . The company traded as high as C$1.70 and last traded at C$1.64. 147,738 shares were traded during trading, an increase of 343% from the average session volume of 33,375 shares. The stock had previously closed at C$1.35.
Zentek Trading Up 3.0 %
The company has a debt-to-equity ratio of 4.97, a current ratio of 2.06 and a quick ratio of 7.59. The stock’s 50-day simple moving average is C$1.49 and its two-hundred day simple moving average is C$1.33. The firm has a market capitalization of C$173.62 million, a P/E ratio of -15.95 and a beta of 0.77.
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.
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