Zentek (CVE:ZEN) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Zentek Ltd. (CVE:ZENGet Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.27 and traded as low as C$1.16. Zentek shares last traded at C$1.33, with a volume of 75,474 shares trading hands.

Zentek Trading Up 15.7 %

The firm has a market cap of C$138.39 million, a P/E ratio of -11.08 and a beta of 0.77. The company’s 50 day moving average is C$1.03 and its two-hundred day moving average is C$1.27. The company has a debt-to-equity ratio of 5.91, a current ratio of 2.20 and a quick ratio of 7.59.

Zentek (CVE:ZENGet Free Report) last announced its quarterly earnings data on Monday, August 12th. The mining company reported C($0.03) EPS for the quarter. The business had revenue of C$0.01 million during the quarter. On average, sell-side analysts predict that Zentek Ltd. will post -0.1 earnings per share for the current year.

Zentek Company Profile

(Get Free Report)

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.

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