Shares of Zentek Ltd. (CVE:ZEN – Get Free Report) rose 21.5% during trading on Thursday . The stock traded as high as C$1.70 and last traded at C$1.64. Approximately 147,738 shares were traded during trading, an increase of 343% from the average daily volume of 33,375 shares. The stock had previously closed at C$1.35.
Zentek Price Performance
The company has a quick ratio of 7.59, a current ratio of 2.06 and a debt-to-equity ratio of 4.97. The company has a market capitalization of C$173.62 million, a price-to-earnings ratio of -15.95 and a beta of 0.77. The company has a 50 day simple moving average of C$1.49 and a 200 day simple moving average of C$1.33.
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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