Shares of Zentek Ltd. (CVE:ZEN – Get Free Report) shot up 11.5% during trading on Friday . The stock traded as high as C$0.88 and last traded at C$0.87. Approximately 124,341 shares were traded during trading, a decline of 21% from the average session volume of 157,268 shares. The stock had previously closed at C$0.78.
Zentek Stock Performance
The stock has a 50 day moving average price of C$0.69 and a two-hundred day moving average price of C$0.81. The company has a debt-to-equity ratio of 19.52, a current ratio of 0.64 and a quick ratio of 7.59. The company has a market capitalization of C$120.29 million, a price-to-earnings ratio of -10.56 and a beta of 0.69.
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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