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Zentek ( (TSE:ZEN) ) has shared an update.
Zentek Ltd. has developed a new Graphite Gel-Based Fire-Retardant product designed to protect homes from wildfires. The product, which combines rapid gelation and intumescent components, has been licensed exclusively to Altek Advanced Materials Inc. for commercialization in the US under the name GraphGel™. The coating has been tested to achieve a Class A fire rating and can be rapidly applied to structures, offering significant protection. This development addresses the growing need for effective fire management solutions amid increasing wildfire incidents.
The most recent analyst rating on (TSE:ZEN) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Zentek stock, see the TSE:ZEN Stock Forecast page.
Spark’s Take on TSE:ZEN Stock
According to Spark, TipRanks’ AI Analyst, TSE:ZEN is a Neutral.
Zentek’s overall stock score is primarily impacted by its financial performance challenges, including negative profitability and cash flow issues. Technical analysis provides a neutral outlook, with no strong momentum signals. Valuation metrics are unattractive due to the negative P/E ratio and lack of dividend yield. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on TSE:ZEN stock, click here.
More about Zentek
Zentek Ltd. is an intellectual property technology development and commercialization company. It focuses on creating innovative solutions, particularly in the field of fire retardant technologies, to address pressing needs in the market.
Average Trading Volume: 56,973
Technical Sentiment Signal: Sell
Current Market Cap: C$114.1M
See more data about ZEN stock on TipRanks’ Stock Analysis page.