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

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

Zentek Stock Up 3.0 %

The business’s 50 day simple moving average is C$1.49 and its 200-day simple moving average is C$1.33. The company has a market cap of C$173.62 million, a price-to-earnings 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.

Zentek Company Profile

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.