Teck Resources (TSE:TECK.A) Shares Pass Above Fifty Day Moving Average – Here’s Why

Teck Resources Limited (TSE:TECK.A) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$74.73 and traded as high as C$79.11. Teck Resources shares last traded at C$77.77, with a volume of 7,714 shares.

Teck Resources Stock Performance

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 cap of C$38.07 billion, a price-to-earnings ratio of 27.48 and a beta of 2.23. The company has a 50 day simple moving average of C$74.73 and a 200 day simple moving average of C$66.81.

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