Teck Resources (TSE:TECK.A) Stock Price Passes Below 200 Day Moving Average of $64.93

Teck Resources Limited (TSE:TECK.A)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$64.93 and traded as low as C$63.12. Teck Resources shares last traded at C$64.47, with a volume of 770 shares trading hands.

Teck Resources Stock Performance

The company has a market capitalization of C$505.59 million, a P/E ratio of 23.78 and a beta of 1.36. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The company’s 50-day moving average is C$64.15 and its two-hundred day moving average is C$64.95.

Teck Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be 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 of this dividend is Friday, September 13th. Teck Resources’s payout ratio is currently 17.92%.

Teck Resources Company Profile

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.