Zentek (CVE:ZEN) Shares Up 21.5% – Should You Buy?

Zentek Ltd. (CVE:ZEN) shares traded up 21.5% on Thursday . The stock traded as high as C$1.70 and last traded at C$1.64. 147,738 shares traded hands during mid-day 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 21.5 %

The company’s 50 day moving average price is C$1.48 and its two-hundred day moving average price is C$1.33. The company has a current ratio of 2.06, a quick ratio of 7.59 and a debt-to-equity ratio of 4.97. The firm has a market cap of C$168.48 million, a PE ratio of -15.48 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.