Teck Resources (TSE:TECK.A) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Teck Resources Limited (TSE:TECK.A) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$65.29 and traded as high as C$71.00. Teck Resources shares last traded at C$70.45, with a volume of 2,044 shares trading hands.

Teck Resources Stock Up 1.5 %

The firm has a market cap of C$536.83 million, a PE ratio of 25.25 and a beta of 1.37. 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 stock has a 50-day simple moving average of C$65.29 and a two-hundred day simple moving average of C$66.15.

Teck Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, September 13th. Teck Resources’s dividend payout ratio (DPR) is presently 17.92%.

Insider Activity

In related 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 transaction of C$1,260,650.00. Insiders own 75.91% of the company’s stock.

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.