Teck Resources (TSE:TECK.A) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Teck Resources Limited (TSE:TECK.A)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$64.85 and traded as low as C$60.13. Teck Resources shares last traded at C$61.14, with a volume of 2,336 shares.

Teck Resources Trading Down 1.0 %

The firm has a fifty day moving average of C$62.72 and a 200-day moving average of C$64.85. 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$465.89 million, a price-to-earnings ratio of 21.91 and a beta of 1.37.

Insider Transactions at Teck Resources

In other news, Director James Kitchener Gowans purchased 3,900 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired at an average cost of C$63.23 per share, with a total value of C$246,600.12. Company insiders own 75.91% of the company’s stock.

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.