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

Teck Resources Limited (TSE:TECK.A) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$62.93 and traded as low as C$53.42. Teck Resources shares last traded at C$53.50, with a volume of 2,445 shares.

Teck Resources Price Performance

The firm has a fifty day moving average price of C$59.75 and a two-hundred day moving average price of C$62.95. 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 stock has a market capitalization of C$407.67 million, a P/E ratio of 19.18 and a beta of 1.37.

Insider Activity at Teck Resources

In other Teck Resources news, Director James Kitchener Gowans purchased 500 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of C$59.00 per share, for a total transaction of C$29,500.00. 75.91% of the stock is currently owned by 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.