Teck Resources (TSE:TECK.A) Shares Cross Below 200-Day Moving Average – Time to Sell?

Teck Resources Limited (TSE:TECK.A)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$63.19 and traded as low as C$60.50. Teck Resources shares last traded at C$60.55, with a volume of 1,110 shares.

Teck Resources Price Performance

The firm has a market cap of C$461.39 million, a P/E ratio of 21.70 and a beta of 1.37. The stock’s 50-day moving average is C$60.12 and its 200-day moving average is C$63.19. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46.

Insider Activity

In other news, Director James Kitchener Gowans bought 500 shares of Teck Resources stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average cost of C$59.00 per share, with a total value of C$29,500.00. 75.91% of the stock is owned by company 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.