Teck Resources (TSE:TECK.A) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Teck Resources Limited (TSE:TECK.A)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$87.32 and traded as high as C$92.82. Teck Resources shares last traded at C$92.70, with a volume of 984 shares trading hands.

Teck Resources Stock Up 1.9%

The company’s fifty day simple moving average is C$87.72 and its 200-day simple moving average is C$83.26. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The firm has a market capitalization of C$46.45 billion, a PE ratio of 18.60 and a beta of 1.69.

Teck Resources (TSE:TECK.A) last posted its quarterly earnings data on Thursday, July 23rd. The company reported C$1.93 earnings per share for the quarter. Teck Resources had a return on equity of 5.03% and a net margin of 9.41%.The firm had revenue of C$3.60 billion during the quarter. On average, analysts forecast that Teck Resources Limited will post 2.5209386 EPS 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.