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Teck Resources (TSE:TECK.A) Stock Passes Below 50 Day Moving Average - Time to Sell?


Teck Resources (TSE:TECK.A) Stock Passes Below 50 Day Moving Average   - Time to Sell?

Shares of Teck Resources Limited (TSE:TECK.A - Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$64.42 and traded as low as C$58.33. Teck Resources shares last traded at C$58.33, with a volume of 506 shares trading hands.

The stock's fifty day simple moving average is C$64.42 and its two-hundred day simple moving average is C$65.29. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The company has a market capitalization of C$444.47 million, a price-to-earnings ratio of 20.91 and a beta of 1.37.

In related news, Director James Kitchener Gowans bought 3,900 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were bought at an average cost of C$63.23 per share, for a total transaction of C$246,600.12. Insiders own 75.91% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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