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Teck Resources (TSE:TECK.A) Share Price Passes Above 50-Day Moving Average - Here's Why

Teck Resources logo with Basic Materials background

Teck Resources Limited (TSE:TECK.A - Get Free Report) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$49.01 and traded as high as C$53.07. Teck Resources shares last traded at C$53.07, with a volume of 205 shares traded.

Teck Resources Stock Performance

The company has a market capitalization of C$404.39 million, a P/E ratio of 19.02 and a beta of 1.37. The business has a 50-day moving average of C$49.01 and a 200-day moving average of C$56.75. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97.

About Teck Resources

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Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world's second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner.

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