Teck Resources (TSE:TECK.A) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Teck Resources Limited (TSE:TECK.A) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$82.41 and traded as high as C$91.24. Teck Resources shares last traded at C$85.91, with a volume of 14,451 shares traded.

Teck Resources Stock Performance

The stock’s fifty day simple moving average is C$82.41 and its 200 day simple moving average is C$73.92. The company has a market cap of C$42.06 billion, a price-to-earnings ratio of 22.79 and a beta of 1.64. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46.

Teck Resources (TSE:TECK.A) last announced its quarterly earnings results on Thursday, April 23rd. The company reported C$1.75 earnings per share (EPS) for the quarter. The business had revenue of C$3.94 billion during the quarter. Teck Resources had a net margin of 9.41% and a return on equity of 5.03%. As a group, analysts anticipate that Teck Resources Limited will post 2.5209386 earnings per share for the current year.

Teck Resources Company Profile

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.