Zentek (CVE:ZEN) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Zentek Ltd. (CVE:ZEN)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.09 and traded as low as C$0.87. Zentek shares last traded at C$0.90, with a volume of 23,030 shares trading hands.

Zentek Price Performance

The company has a debt-to-equity ratio of 4.97, a current ratio of 2.06 and a quick ratio of 7.59. The company has a 50-day simple moving average of C$1.03 and a 200-day simple moving average of C$1.09. The stock has a market cap of C$96.58 million, a PE ratio of -10.00 and a beta of 0.43.

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.