Teck Resources (TSE:TECK.A) Shares Pass Below Fifty Day Moving Average – Time to Sell?

Teck Resources Limited (TSE:TECK.A) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$74.84 and traded as low as C$67.11. Teck Resources shares last traded at C$67.28, with a volume of 5,477 shares trading hands.

Teck Resources Stock Up 0.1%

The company has a market cap of C$32.96 billion, a P/E ratio of 23.79 and a beta of 2.40. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The firm has a fifty day moving average price of C$74.78 and a 200 day moving average price of C$65.78.

Teck Resources (TSE:TECK.A) last released its quarterly earnings results on Thursday, February 19th. The company reported C$1.37 earnings per share (EPS) for the quarter. Teck Resources had a return on equity of 5.03% and a net margin of 9.41%.The business had revenue of C$3.06 billion during the quarter. Equities research analysts forecast that Teck Resources Limited will post 2.5209386 earnings per share for the current year.

About Teck Resources

Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK.