Zentek (CVE:ZEN) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Zentek Ltd. (CVE:ZEN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Zentek Stock Performance

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

Zentek Company Profile

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.