Zentek (CVE:ZEN) Trading Up 10.3% – What’s Next?

Zentek Ltd. (CVE:ZEN) shares were up 10.3% during mid-day trading on Wednesday . The stock traded as high as C$0.63 and last traded at C$0.59. Approximately 204,948 shares were traded during trading, an increase of 44% from the average daily volume of 142,211 shares. The stock had previously closed at C$0.54.

Zentek Stock Performance

The company has a debt-to-equity ratio of 15.41, a current ratio of 1.00 and a quick ratio of 7.59. The firm has a market capitalization of C$70.30 million, a P/E ratio of -7.00 and a beta of 0.52. The stock’s 50 day moving average is C$0.76 and its two-hundred day moving average is C$0.86.

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.