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

Teck Resources Limited (TSE:TECK.A)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$66.32 and traded as low as C$62.50. Teck Resources shares last traded at C$62.87, with a volume of 294 shares trading hands.

Teck Resources Price Performance

The business has a 50-day moving average of C$66.98 and a two-hundred day moving average of C$66.32. 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 firm has a market cap of C$479.07 million, a P/E ratio of 22.53 and a beta of 1.37.

Insider Buying and Selling at Teck Resources

In other news, Senior Officer Harold Fraser Phillips sold 19,000 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$66.35, for a total value of C$1,260,650.00. Also, Director James Kitchener Gowans purchased 3,900 shares of the business’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. Corporate insiders own 75.91% of the company’s stock.

Teck Resources Company Profile

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.