Zentek Announces Normal Course Issuer Bid
Normal Course Issuer Bid Announcement: Zentek Ltd. plans to conduct a normal course issuer bid to repurchase up to 5,084,319 common shares over one year, starting August 16, 2024, aiming to enhance long-term shareholder value due to perceived undervaluation of its shares.
Company Overview and Technology: Zentek is an ISO-certified technology company focused on developing innovative products, including its patented ZenGUARD™ technology, which has demonstrated significant antimicrobial properties and aims to improve the efficiency of surgical masks and HVAC systems.
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Zentek Ltd Performance: Zentek's stock has an RSI of 29.8, with a recent quarterly loss and a 33% decline over the past month, closing at $0.65.
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