Teck Resources (TSE:TECK.A) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Teck Resources Limited (TSE:TECK.A) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$66.18 and traded as high as C$69.89. Teck Resources shares last traded at C$69.63, with a volume of 2,116 shares changing hands.

Teck Resources Stock Up 2.4 %

The business has a fifty day moving average price of C$66.18 and a two-hundred day moving average price of C$66.51. The company has a market cap of C$530.58 million, a price-to-earnings ratio of 24.96 and a beta of 1.37. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46.

Teck Resources Dividend Announcement

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. The ex-dividend date was Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a yield of 0.72%. Teck Resources’s dividend payout ratio is currently 17.92%.

Insider Buying and Selling

In other Teck Resources news, Senior Officer Harold Fraser Phillips sold 19,000 shares of the company’s 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 transaction of C$1,260,650.00. 75.91% of the stock is currently owned by corporate insiders.

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.