Zentek (CVE:ZEN) Trading 21.5% Higher – What’s Next?

Zentek Ltd. (CVE:ZEN) shot up 21.5% on Thursday . The company traded as high as C$1.70 and last traded at C$1.64. 147,738 shares changed 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 company has a quick ratio of 7.59, a current ratio of 2.06 and a debt-to-equity ratio of 4.97. The company’s fifty day moving average price is C$1.49 and its 200-day moving average price is C$1.33. The stock has a market capitalization of C$173.62 million, a PE ratio of -15.95 and a beta of 0.77.

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.