Teck Resources (TSE:TECK.A) Shares Pass Below 200-Day Moving Average – Time to Sell?

Teck Resources Limited (TSE:TECK.AGet Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$62.93 and traded as low as C$53.42. Teck Resources shares last traded at C$53.50, with a volume of 2,445 shares changing hands.

Teck Resources Stock Performance

The stock has a market cap of C$407.67 million, a price-to-earnings ratio of 19.18 and a beta of 1.37. The company’s 50 day simple moving average is C$59.75 and its 200 day simple moving average is C$62.93. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48.

Insider Buying and Selling

In related news, Director James Kitchener Gowans acquired 500 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of C$59.00 per share, for a total transaction of C$29,500.00. 75.91% of the stock is owned by corporate insiders.

About Teck Resources

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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.

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