Zentek Ltd. Financial Position Weakening

Zentek (TSE:ZEN) has released an update.

Zentek Ltd. reported a decline in total assets to $20.89 million and an increase in total liabilities to $2.54 million, as of June 30, 2024, compared to March 31, 2024. The company’s unaudited condensed interim consolidated financial statements also showed a deficit increase to $78.38 million. These statements highlight Zentek’s financial position during a period of growing expenses and sustained losses.

For further insights into TSE:ZEN stock, check out TipRanks’ Stock Analysis page.