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Teck Resources (TSE:TECK.A) Shares Down 5.4% - What's Next?

Teck Resources logo with Basic Materials background

Teck Resources Limited (TSE:TECK.A - Get Free Report) shares fell 5.4% during mid-day trading on Thursday . The stock traded as low as C$65.00 and last traded at C$65.00. 425 shares traded hands during trading, a decline of 84% from the average session volume of 2,741 shares. The stock had previously closed at C$68.69.

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 stock's fifty day moving average is C$66.32 and its 200-day moving average is C$66.56. The stock has a market cap of C$505.21 million, a PE ratio of 23.76 and a beta of 1.37.

Teck Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Friday, September 13th. Teck Resources's dividend payout ratio is currently 17.92%.

Insider Buying and Selling at Teck Resources

In other Teck Resources news, Senior Officer Harold Fraser Phillips sold 19,000 shares of the company's stock in a transaction dated 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. 75.91% of the stock is currently owned by corporate insiders.

About Teck Resources

(Get Free Report)

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.

Further Reading

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