Zentek (CVE:ZEN) Stock Price Up 21.5% – Still a Buy?

by · The Cerbat Gem

Zentek Ltd. (CVE:ZEN – Get Free Report)’s stock price traded up 21.5% during trading on Thursday . The company traded as high as C$1.70 and last traded at C$1.64. 147,738 shares traded hands during mid-day trading, an increase of 343% from the average session volume of 33,375 shares. The stock had previously closed at C$1.35.

Zentek Stock Up 21.5 %

The company has a fifty day moving average of C$1.49 and a 200 day moving average of C$1.33. 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 cap of C$168.48 million, a P/E ratio of -15.48 and a beta of 0.77.

Zentek Company Profile

(Get Free Report)

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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