Shares of Zentek Ltd. (CVE:ZEN – Get Free Report) rose 16.3% during trading on Thursday . The stock traded as high as C$1.70 and last traded at C$1.57. Approximately 121,928 shares were traded during mid-day trading, an increase of 271% from the average daily volume of 32,875 shares. The stock had previously closed at C$1.35.
Zentek Stock Performance
The firm’s 50-day moving average is C$1.49 and its 200 day moving average is C$1.33. The stock has a market cap of C$173.62 million, a PE ratio of -15.95 and a beta of 0.77. The company has a debt-to-equity ratio of 4.97, a quick ratio of 7.59 and a current ratio of 2.06.
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.
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