Zentek (CVE:ZEN) Shares Up 21.5% – Here’s Why

Zentek Ltd. (CVE:ZEN) rose 21.5% during trading on Thursday . The company traded as high as C$1.70 and last traded at C$1.64. Approximately 112,081 shares were traded during mid-day trading, an increase of 247% from the average daily volume of 32,341 shares. The stock had previously closed at C$1.35.

Zentek Price Performance

The stock has a market capitalization of C$168.48 million, a PE ratio of -15.48 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. The company’s fifty day simple moving average is C$1.48 and its two-hundred day simple moving average is C$1.33.

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.