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

Teck Resources logo with Basic Materials background

Key Points

  • Teck Resources Limited's stock price has fallen below its fifty-day moving average of C$51.96, trading at C$46.00 recently.
  • The company, with a market cap of C$350.52 million, has a price-to-earnings ratio of 16.49 and a beta of 1.37.
  • Teck is recognized as the second-largest exporter of seaborne metallurgical coal globally and is a significant player in zinc mining.
  • Looking to export and analyze Teck Resources data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Teck Resources Limited (TSE:TECK.A - Get Free Report)'s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$51.96 and traded as low as C$46.00. Teck Resources shares last traded at C$46.00, with a volume of 396 shares traded.

Teck Resources Stock Performance

The stock has a market cap of C$344.04 million, a P/E ratio of 16.18 and a beta of 1.37. The company's 50 day moving average price is C$51.62 and its 200-day moving average price is C$53.26. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48.

About Teck Resources

(Get Free Report)

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.

Further Reading

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