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Teck Resources (TSE:TECK.A) Stock 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 crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$49.53 and traded as high as C$52.09. Teck Resources shares last traded at C$52.08, with a volume of 300 shares traded.

Teck Resources Stock Performance

The firm has a market cap of C$389.00 million, a P/E ratio of 18.30 and a beta of 1.37. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The stock's 50-day moving average is C$49.08 and its 200 day moving average is C$56.90.

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.

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