Zentek (CVE:ZEN) Stock Price Up 21.5% - Here's What Happened

Zentek Ltd. (CVE:ZEN - Get Free Report) rose 21.5% on Thursday . The company traded as high as C$1.70 and last traded at C$1.64. Approximately 147,738 shares traded hands during mid-day trading, an increase of 343% from the average daily volume of 33,375 shares. The stock had previously closed at C$1.35.Zentek Stock Up 21.5 %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 firm has a market capitalization of C$168.48 million, a P/E ratio of -15.48 and a beta of 0.77. The stock has a fifty day moving average price of C$1.49 and a two-hundred day moving average price of C$1.33. About Zentek (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.Featured StoriesFive stocks we like better than ZentekHow Can Investors Benefit From After-Hours TradingEverything About Amazon Stock Signals a Buy—Time to Load Up?Why Invest in High-Yield Dividend Stocks?5 Reasons Five Below’s Stock Price Is Heading Higher This Year3 Small Caps With Big Return PotentialBroadcom: Why the Chip Stock Remains a Top Long-Term AI PlayThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Zentek Right Now?Before you consider Zentek, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Zentek wasn't on the list.While Zentek currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here