Zentek (CVE:ZEN) Shares Up 0.6% – Should You Buy?

Zentek Ltd. (CVE:ZEN) shot up 0.6% on Wednesday . The company traded as high as C$1.59 and last traded at C$1.57. 26,167 shares traded hands during trading, a decline of 49% from the average session volume of 50,822 shares. The stock had previously closed at C$1.56.

Zentek Stock Down 0.3 %

The company has a current ratio of 2.20, a quick ratio of 7.59 and a debt-to-equity ratio of 5.91. The firm’s fifty day moving average price is C$1.27 and its 200-day moving average price is C$1.29. The company has a market cap of C$165.44 million, a price-to-earnings ratio of -13.25 and a beta of 0.77.

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.