Teck Resources (TSE:TECK.A) Stock Passes Below 50 Day Moving Average – Time to Sell?

Shares of Teck Resources Limited (TSE:TECK.A) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$64.42 and traded as low as C$58.33. Teck Resources shares last traded at C$58.33, with a volume of 506 shares traded.

Teck Resources Price Performance

The business’s 50-day simple moving average is C$64.42 and its 200 day simple moving average is C$65.29. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The company has a market capitalization of C$444.47 million, a P/E ratio of 20.91 and a beta of 1.37.

Insider Buying and Selling

In other Teck Resources news, Director James Kitchener Gowans purchased 3,900 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were purchased at an average cost of C$63.23 per share, for a total transaction of C$246,600.12. 75.91% of the stock is owned by corporate insiders.

About Teck Resources

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.