Teck Resources (TSE:TECK.A) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Shares of Teck Resources Limited (TSE:TECK.A) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$75.31 and traded as low as C$66.70. Teck Resources shares last traded at C$67.51, with a volume of 3,640 shares trading hands.

Teck Resources Trading Down 1.9%

The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The company has a market cap of C$33.02 billion, a price-to-earnings ratio of 23.86 and a beta of 2.40. The business’s fifty day moving average price is C$75.31 and its 200 day moving average price is C$64.98.

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

Teck Resources Company Profile

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.