Zentek (CVE:ZEN) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Zentek Ltd. (CVE:ZEN) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Zentek Price Performance

The firm has a market cap of C$183.13 million, a price-to-earnings ratio of -12.83 and a beta of 0.77. The company has a quick ratio of 7.59, a current ratio of 2.20 and a debt-to-equity ratio of 5.91. The company’s 50-day moving average price is C$1.03 and its 200-day moving average price is C$1.27.

Zentek (CVE:ZEN) last issued its quarterly earnings results on Monday, August 12th. The mining company reported C($0.03) earnings per share (EPS) for the quarter. The firm had revenue of C$0.01 million for the quarter. On average, equities research analysts forecast that Zentek Ltd. will post -0.1 EPS for the current 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.