Shares of Zentek Ltd. (CVE:ZEN – Get Free Report) were down 31.6% during trading on Friday . The company traded as low as C$0.86 and last traded at C$0.93. Approximately 1,053,227 shares traded hands during mid-day trading, an increase of 1,143% from the average daily volume of 84,742 shares. The stock had previously closed at C$1.36.
Zentek Price Performance
The stock has a 50-day simple moving average of C$0.80 and a 200 day simple moving average of C$0.94. The company has a debt-to-equity ratio of 15.41, a quick ratio of 7.59 and a current ratio of 1.00. The company has a market cap of C$100.02 million, a P/E ratio of -11.63 and a beta of 0.34.
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. 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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