Teck Resources (TSE:TECK.A) Stock Passes Below Fifty Day Moving Average – Here’s Why

Teck Resources Limited (TSE:TECK.A)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$74.84 and traded as low as C$67.11. Teck Resources shares last traded at C$67.28, with a volume of 5,477 shares trading hands.

Teck Resources Stock Performance

The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The firm’s fifty day moving average is C$74.84 and its 200 day moving average is C$65.66. The company has a market cap of C$32.91 billion, a PE ratio of 23.77 and a beta of 2.40.

Teck Resources (TSE:TECK.A) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$1.37 earnings per share (EPS) for the quarter. Teck Resources had a net margin of 9.41% and a return on equity of 5.03%. The business had revenue of C$3.06 billion for the quarter. As a group, research analysts predict that Teck Resources Limited will post 2.5209386 EPS for the current fiscal year.

About Teck Resources

Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK.