Teck Resources (TSE:TECK.A) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Teck Resources Limited (TSE:TECK.A)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$82.41 and traded as high as C$91.24. Teck Resources shares last traded at C$85.91, with a volume of 14,451 shares traded.

Teck Resources Trading Down 9.0%

The company has a 50-day simple moving average of C$82.41 and a 200-day simple moving average of C$73.92. 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 has a market cap of C$42.06 billion, a P/E ratio of 22.79 and a beta of 1.64.

Teck Resources (TSE:TECK.A) last issued its quarterly earnings data on Thursday, April 23rd. The company reported C$1.75 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 firm had revenue of C$3.94 billion during the quarter. On average, sell-side analysts forecast that Teck Resources Limited will post 2.5209386 EPS 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.