Shares of Zentek Ltd. (CVE:ZEN – Get Free Report) shot up 22.2% during trading on Thursday . The stock traded as high as C$1.70 and last traded at C$1.65. 146,338 shares changed hands during trading, an increase of 340% from the average session volume of 33,250 shares. The stock had previously closed at C$1.35.
Zentek Stock Performance
The stock has a market cap of C$173.62 million, a P/E ratio of -15.95 and a beta of 0.77. 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 stock’s 50 day simple moving average is C$1.49 and its two-hundred day simple moving average is C$1.33.
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.
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