Zentek (CVE:ZEN) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Zentek Ltd. (CVE:ZENGet Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.31 and traded as low as C$0.99. Zentek shares last traded at C$1.10, with a volume of 61,541 shares traded.

Zentek Price Performance

The company has a market cap of C$112.37 million, a PE ratio of -9.00 and a beta of 0.77. The company has a debt-to-equity ratio of 5.91, a quick ratio of 7.59 and a current ratio of 2.20. The stock has a 50 day moving average of C$1.06 and a 200-day moving average of C$1.30.

Zentek (CVE:ZENGet Free Report) last released its quarterly earnings data on Monday, August 12th. The mining company reported C($0.03) earnings per share for the quarter. The business had revenue of C$0.01 million during the quarter. Equities analysts predict that Zentek Ltd. will post -0.1 earnings per share for the current year.

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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