Teck Resources (TSE:TECK.A) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Teck Resources Limited (TSE:TECK.A)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$75.02 and traded as low as C$71.81. Teck Resources shares last traded at C$72.05, with a volume of 5,477 shares trading hands.

Teck Resources Trading Down 4.7%

The business has a fifty day moving average of C$75.32 and a 200-day moving average of C$64.25. The stock has a market capitalization of C$34.97 billion, a price-to-earnings ratio of 25.27 and a beta of 2.40. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97.

Teck Resources (TSE:TECK.A) last issued its quarterly earnings results on Thursday, February 19th. The company reported C$1.37 EPS for the quarter. Teck Resources had a net margin of 9.41% and a return on equity of 5.03%. The firm had revenue of C$3.06 billion for the quarter. On average, equities 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.