Teck Resources (TSE:TECK.A) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Teck Resources Limited (TSE:TECK.A) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$64.85 and traded as low as C$60.13. Teck Resources shares last traded at C$61.14, with a volume of 2,336 shares trading hands.

Teck Resources Price Performance

The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The stock has a market cap of C$465.89 million, a P/E ratio of 21.91 and a beta of 1.37. The business has a 50-day simple moving average of C$62.53 and a 200 day simple moving average of C$64.82.

Insider Activity at Teck Resources

In other Teck Resources news, Director James Kitchener Gowans purchased 3,900 shares of Teck Resources stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired at an average price of C$63.23 per share, with a total value of C$246,600.12. 75.91% of the stock is owned by company insiders.

Teck Resources Company Profile

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.