Cable Car Capital LP Buys New Stake in Zentek Ltd. $ZTEK

Cable Car Capital LP purchased a new stake in Zentek Ltd. (NASDAQ:ZTEK) during the second quarter, HoldingsChannel.com reports. The fund purchased 1,692,000 shares of the company’s stock, valued at approximately $775,000.

Separately, Cibc World Market Inc. purchased a new position in shares of Zentek in the 2nd quarter valued at about $48,000. 0.77% of the stock is owned by institutional investors and hedge funds.

Zentek Trading Down 0.0%

NASDAQ ZTEK opened at $0.60 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.65 and a quick ratio of 4.54. The firm’s fifty day moving average price is $0.53 and its 200 day moving average price is $0.57. The company has a market capitalization of $76.16 million, a price-to-earnings ratio of -8.59 and a beta of 0.44. Zentek Ltd. has a 12 month low of $0.37 and a 12 month high of $1.24.

Zentek (NASDAQ:ZTEK) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Zentek had a negative net margin of 5,848.76% and a negative return on equity of 70.93%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zentek in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

About Zentek

Zentek Ltd. (NASDAQ: ZTEK) is a nanotechnology company headquartered in Vancouver, British Columbia, specializing in the development and commercialization of advanced polymer and coating technologies. The company’s core focus is on materials engineered to enhance thermal management, structural performance and acoustic properties across a variety of end markets. By leveraging proprietary polymer chemistry, Zentek designs solutions that address critical performance challenges in energy storage, electronics and safety applications.

Zentek’s product portfolio includes phase-change materials and flexible polymer foams tailored for battery and power electronics thermal management in electric vehicles and stationary energy storage systems.