Zentek (CVE:ZEN) Trading 21.5% Higher – Here’s Why

Zentek Ltd. (CVE:ZEN) was up 21.5% during mid-day trading on Thursday . The company traded as high as C$1.70 and last traded at C$1.64. Approximately 147,738 shares were traded during trading, an increase of 343% from the average daily volume of 33,375 shares. The stock had previously closed at C$1.35.

Zentek Stock Performance

The stock has a fifty day simple moving average of C$1.49 and a 200-day simple moving average of C$1.33. 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 quick ratio of 7.59 and a current ratio of 2.06.

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.