Zentek (CVE:ZEN) Share Price Crosses Below Two Hundred Day Moving Average of $1.46

Shares of Zentek Ltd. (CVE:ZEN) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.46 and traded as low as C$1.17. Zentek shares last traded at C$1.19, with a volume of 94,268 shares.

Zentek Price Performance

The firm has a market capitalization of C$123.82 million, a P/E ratio of -9.92 and a beta of 0.84. The business has a fifty day moving average of C$1.30 and a 200-day moving average of C$1.46. The company has a debt-to-equity ratio of 5.91, a quick ratio of 7.59 and a current ratio of 2.20.

Zentek (CVE:ZEN) last issued its quarterly earnings data on Monday, August 12th. The mining company reported C($0.03) earnings per share (EPS) for the quarter. The company had revenue of C$0.01 million during the quarter. On average, sell-side analysts forecast that Zentek Ltd. will post -0.1 EPS for the current fiscal year.

About Zentek

Zentek Ltd. engages in the research and development of graphene and related nanomaterials in Canada. It owns 100% interest in the Albany Graphite project located in Northern Ontario, 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 compound.