Teck Resources (TSE:TECK.A) Share Price Passes Below Two Hundred Day Moving Average - What's Next?

Teck Resources Limited (TSE:TECK.A - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Teck Resources Price Performance

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 business's 50-day moving average price is C$66.85 and its two-hundred day moving average price is C$66.25. The firm has a market cap of C$479.07 million, a price-to-earnings ratio of 22.53 and a beta of 1.37.

Insider Transactions at Teck Resources

In related news, Director James Kitchener Gowans bought 3,900 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was bought at an average cost of C$63.23 per share, for a total transaction of C$246,600.12. Also, Senior Officer Harold Fraser Phillips sold 19,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$66.35, for a total value of C$1,260,650.00. Insiders own 75.91% of the company's stock.

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.