Teck Resources (TSE:TECK.A) Share Price Passes Below Fifty Day Moving Average of $16.83

Teck Resources Ltd (TSE:TECK.A)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $16.83 and traded as low as $13.52. Teck Resources shares last traded at $14.97, with a volume of 8,789 shares trading hands.

The firm has a market cap of $103.51 million and a P/E ratio of 22.12. The business’s 50-day moving average is C$16.72 and its two-hundred day moving average is C$20.53. The company has a debt-to-equity ratio of 24.96, a current ratio of 1.62 and a quick ratio of 0.79.

In other Teck Resources news, Director Mayank Mulraj Ashar bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average price of C$13.83 per share, with a total value of C$27,660.00. Following the completion of the transaction, the director now owns 60,000 shares in the company, valued at C$829,800. Also, Senior Officer Robin Sheremeta bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average cost of C$13.72 per share, with a total value of C$137,198.00. Following the transaction, the insider now owns 30,000 shares of the company’s stock, valued at approximately C$411,594. In the last ninety days, insiders purchased 13,900 shares of company stock valued at $190,508.

About Teck Resources (TSE:TECK.A)

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.

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