Zentek (CVE:ZEN) Stock Passes Below 200 Day Moving Average - Here's Why

Zentek Ltd. (CVE:ZEN - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.34 and traded as low as C$1.03. Zentek shares last traded at C$1.04, with a volume of 23,200 shares changing hands.Zentek Price PerformanceThe company has a market cap of C$111.60 million, a PE ratio of -11.56 and a beta of 0.39. 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 stock has a 50 day moving average of C$1.11 and a 200-day moving average of C$1.34. 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 ArticlesFive stocks we like better than ZentekHow Can Retail Investors Trade the Toronto Stock Exchange (TSX)?The Trade Desk: After a 70% Plunge, This Could Be The Time to BuyHigh Dividend REITs: Are They an Ideal Way to Diversify?Tap Into 2026 AI Infrastructure Gains With This High-Growth ETFWhat Is WallStreetBets and What Stocks Are They Targeting?Strong Quarter, Weak Reaction: Why GitLab Shares DroppedThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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