Teck Resources (TSE:TECK.A) Stock Breaks Above Two Hundred Day Moving Average – Time to Sell?

Teck Resources Limited (TSE:TECK.A) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$84.49 and traded as high as C$85.96. Teck Resources shares last traded at C$85.38, with a volume of 4,482 shares traded.

Teck Resources Trading Up 1.8%

The firm has a market capitalization of C$41.92 billion, a PE ratio of 11.02 and a beta of 1.66. The business has a 50 day moving average price of C$91.68 and a 200-day moving average price of C$84.49. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46.

Teck Resources (TSE:TECK.A) last posted its quarterly earnings results on Thursday, October 29th. The company reported C$1.88 EPS for the quarter. Teck Resources had a return on equity of 5.03% and a net margin of 9.41%. The business had revenue of C$4.52 billion during the quarter. Analysts expect that Teck Resources Limited will post 2.52 earnings per share for the current 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.