Zentek (NASDAQ:ZTEK) Shares Up 2.7% – Here’s Why

Zentek Ltd. (NASDAQ:ZTEKGet Free Report) shares were up 2.7% during mid-day trading on Friday . The stock traded as high as $1.16 and last traded at $1.13. Approximately 29,698 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 32,704 shares. The stock had previously closed at $1.10.

Zentek Stock Performance

The company has a quick ratio of 1.63, a current ratio of 2.06 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $0.91 and a 200 day moving average price of $0.94. The firm has a market capitalization of $117.57 million, a price-to-earnings ratio of -14.13 and a beta of 0.93.

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.

Further Reading

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