Shares of Zentek Ltd. (CVE:ZEN – Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.27 and traded as low as C$1.16. Zentek shares last traded at C$1.33, with a volume of 75,474 shares changing hands.
Zentek Stock Performance
The firm’s 50-day moving average price is C$1.03 and its two-hundred day moving average price is C$1.27. The company has a debt-to-equity ratio of 5.91, a quick ratio of 7.59 and a current ratio of 2.20. The stock has a market cap of C$183.13 million, a price-to-earnings ratio of -12.83 and a beta of 0.77.
Zentek (CVE:ZEN – Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The mining company reported C($0.03) earnings per share for the quarter. The firm had revenue of C$0.01 million for the quarter. On average, analysts expect that Zentek Ltd. will post -0.1 EPS for the current fiscal year.
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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