Teck Resources (TSE:TECK.A) Shares Cross Above 50-Day Moving Average – What’s Next?

Shares of Teck Resources Limited (TSE:TECK.AGet Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$49.01 and traded as high as C$53.07. Teck Resources shares last traded at C$53.07, with a volume of 205 shares traded.

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 firm has a market capitalization of C$404.39 million, a P/E ratio of 19.02 and a beta of 1.37. The stock’s 50 day simple moving average is C$49.01 and its 200 day simple moving average is C$56.69.

Teck Resources Company Profile

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Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck’s primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world’s second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner.

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