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

Teck Resources Limited (TSE:TECK.A) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$70.74 and traded as high as C$81.88. Teck Resources shares last traded at C$81.30, with a volume of 3,137 shares.

Teck Resources Trading Up 2.9%

The firm has a market cap of C$39.69 billion, a price-to-earnings ratio of 32.65 and a beta of 1.94. The company’s 50-day moving average price is C$70.74 and its 200-day moving average price is C$60.81. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46.

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.