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

Teck Resources Limited (TSE:TECK.A) shares crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of C$93.12 and traded as high as C$96.93. Teck Resources shares last traded at C$96.93, with a volume of 4,328 shares.

Teck Resources Trading Up 4.8%

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 capitalization of C$47.55 billion, a P/E ratio of 19.04 and a beta of 1.87. The firm’s fifty day simple moving average is C$93.12 and its 200 day simple moving average is C$86.59.

Teck Resources (TSE:TECK.A) last announced its quarterly earnings data on Thursday, July 23rd. The company reported C$1.93 earnings per share (EPS) for the quarter. The business had revenue of C$3.60 billion for the quarter. Teck Resources had a net margin of 9.41% and a return on equity of 5.03%. As a group, equities research analysts forecast that Teck Resources Limited will post 2.52 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.