ZENTEK LTD to Begin Normal Course Issuer Bid on June 1st

May 25, 2023

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The company is a publicly listed technology and communications company on the Toronto Stock Exchange and is focused on delivering leading edge products and services to small and medium business customers. The normal course issuer bid, also known as NCIB, allows ZENTEK ($NASDAQ:ZTEK) to purchase and cancel common shares of the company from the public market. This will help support the company’s long-term growth strategy and promote long-term shareholder value. The NCIB is part of ZENTEK’s commitment to optimizing their capital structure and creating long-term value for their shareholders. The company will be looking to repurchase their shares at reasonable prices that reflect market conditions.

ZENTEK is confident that this NCIB will help create long-term value for their shareholders. They are taking measures to maximize value for shareholders through capital optimization and are confident that their NCIB program will help them achieve this goal. Investors are encouraged to monitor ZENTEK’s stock performance closely as they pursue this initiative.

Price History

This marks the company’s intention to purchase its own shares in the open market. Following this news, the stock opened at $1.6 and closed at $1.7, with a 7.6% increase from the previous closing price of $1.6. Through the NCIB, ZENTEK LTD seeks to provide additional liquidity and flexibility to its stockholders and increase shareholder value. The purchases are expected to be made from time to time in open market transactions. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Zentek Ltd. More…

    Total Revenues Net Income Net Margin
    0.2 -16.72 -8194.4%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Zentek Ltd. More…

    Operations Investing Financing
    -12.79 -7.08 30.69
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Zentek Ltd. More…

    Total Assets Total Liabilities Book Value Per Share
    28.96 3.09 0.31
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Zentek Ltd are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    0.0% -8203.7%
    FCF Margin ROE ROA
    -8347.3% -38.2% -35.8%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we conducted an analysis of the fundamentals of ZENTEK LTD. Based on our Risk Rating system, we have determined that this investment is medium risk in terms of financial and business aspects. We have detected three risk warnings on the balance sheet, cashflow statement, and financial journal. If you register with us, you will have access to all our findings regarding ZENTEK LTD. We strongly recommend that before investing in any company, you should carefully review its financials and consider all potential risks that may arise. With GoodWhale’s Risk Rating system, you can assess the potential risks of investing in ZENTEK LTD. Our system identifies key areas of risk and provides a comprehensive analysis on the likelihood of success or failure of the investment. With our help, you can make an informed decision about whether ZENTEK LTD is the right investment for you. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    ZENTEK LTD‘s recent announcement that it will commence a normal course issuer bid (NCIB) on June 1 has received positive investor reaction, with stocks registering a price increase on the same day. This NCIB program will allow the company to repurchase its own shares in the open market, through the facilities of the Toronto Stock Exchange. This purchasing activity could result in increased shareholder value, as the company can use the repurchased shares either to offset dilution from new equity issuances, or to take the company private by buying back shares from public investors.

    In addition, the increased demand for ZENTEK LTD shares as a result of the NCIB could serve to further increase their value in the marketplace. Investors should be aware, however, that this type of bid carries risks, and should conduct thorough analysis before deciding to invest in ZENTEK LTD.

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