Teck Resources (TSE:TECK.A) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Teck Resources Limited (TSE:TECK.A) crossed 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 Performance

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

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

Insider Buying and Selling

In other news, Senior Officer Harold Fraser Phillips sold 19,000 shares of the 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 value of C$1,260,650.00. Insiders own 75.91% of the company’s stock.

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.