Shares of Teck Resources Limited (OTCMKTS:TCKRF – Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $62.11 and traded as low as $57.56. Teck Resources shares last traded at $58.36, with a volume of 267 shares.
Teck Resources Trading Down 10.5%
The firm’s fifty day moving average is $62.11 and its 200 day moving average is $55.03.
About Teck Resources
Teck Resources Limited (OTCMKTS:TCKRF) is a diversified natural resources company headquartered in Vancouver, Canada. Established in the early 20th century as the Consolidated Mining and Smelting Company of Canada, it has evolved into one of North America’s leading producers of copper, metallurgical coal, zinc, and energy. Teck’s vertically integrated operations span the full spectrum of mineral and metal production, from exploration and development through to mining, processing, and marketing.
Teck’s principal business activities include the extraction and processing of copper, a critical metal for electrification and renewable energy systems, as well as metallurgical coal used in steelmaking.
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