Teck Resources (TSE:TECK.A) Shares Pass Below 50-Day Moving Average – Time to Sell?

Shares of Teck Resources Limited (TSE:TECK.AGet Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$60.95 and traded as low as C$59.94. Teck Resources shares last traded at C$60.25, with a volume of 1,642 shares trading hands.

Teck Resources Price Performance

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 company has a market cap of C$459.11 million, a P/E ratio of 21.59 and a beta of 1.37. The firm’s fifty day moving average is C$60.95 and its two-hundred day moving average is C$64.14.

Teck Resources Company Profile

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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.

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