Zentek Ltd. (CVE:ZEN – Get Free Report) dropped 7.8% on Monday . The stock traded as low as C$0.61 and last traded at C$0.71. Approximately 258,275 shares were traded during mid-day trading, an increase of 69% from the average session volume of 153,260 shares. The stock had previously closed at C$0.77.
Zentek Stock Performance
The stock’s 50-day moving average is C$0.76 and its 200-day moving average is C$0.78. The company has a current ratio of 4.65, a quick ratio of 7.59 and a debt-to-equity ratio of 7.62. The stock has a market cap of C$89.90 million, a price-to-earnings ratio of -7.32 and a beta of 0.72.
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. It is also developing graphene oxide synthesis and graphene synthesis. In addition, the company owns 100% interest in the Albany graphite project located in Northern Ontario, Canada.
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