Teck Resources (TSE:TECK.A) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Teck Resources Limited (TSE:TECK.A) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$74.00 and traded as high as C$80.15. Teck Resources shares last traded at C$78.49, with a volume of 7,370 shares traded.

Teck Resources Price Performance

The firm has a 50 day simple moving average of C$74.49 and a 200-day simple moving average of C$63.25. 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 company has a market cap of C$37.26 billion, a PE ratio of 26.97 and a beta of 1.94.

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