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An update from Zentek ( (TSE:ZEN) ) is now available.
Zentek announced that independent testing has confirmed its Albany graphite achieves nuclear-grade performance in finished graphite bricks, meeting stringent benchmarks for strength, density, electrical performance and ultra-low impurity levels. With demonstrated five-nines purity and nuclear-spec suitability, management believes Albany graphite can substitute for synthetic graphite in high-value niches, positioning the project as a potential premier Canadian supplier of purified, ultra-high-purity natural graphite into nuclear, defense, aerospace, and premium battery markets, reducing reliance on foreign sources and aligning with growing demand and critical-mineral security objectives.
The most recent analyst rating on (TSE:ZEN) stock is a Hold with a C$0.97 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 weak financial performance, characterized by declining revenues and persistent losses. Technical analysis further indicates bearish momentum, with the stock trading below key moving averages. Valuation metrics are also unfavorable, with a negative P/E ratio and no dividend yield. These factors collectively suggest significant challenges for the company.
To see Spark’s full report on TSE:ZEN stock, click here.
More about Zentek
Zentek Ltd. is a Canadian advanced materials company whose wholly owned subsidiary, Albany Graphite Corp., is developing ultra-high-purity natural graphite for use in specialized, high-value applications. The company is targeting markets such as nuclear energy, defense and national security infrastructure, advanced aerospace and hypersonics, and premium lithium-ion batteries, where secure, low-carbon, non-foreign graphite supply is increasingly prioritized by policymakers in North America and Europe.
YTD Price Performance: 4.49%
Average Trading Volume: 44,720
Technical Sentiment Signal: Sell
Current Market Cap: C$99.8M
For an in-depth examination of ZEN stock, go to TipRanks’ Overview page.