Teck Resources (TSE:TECK.A) Shares Pass Above 50 Day Moving Average of $59.17

Teck Resources Ltd (TSE:TECK.A – Get Rating)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$59.17 and traded as high as C$86.50. Teck Resources shares last traded at C$86.40, with a volume of 4,108 shares traded.

Teck Resources Price Performance

The firm has a market capitalization of C$673.92 million, a PE ratio of 10.30 and a beta of 1.20. The company has a fifty day moving average price of C$59.17 and a two-hundred day moving average price of C$50.92. The company has a current ratio of 1.65, a quick ratio of 0.97 and a debt-to-equity ratio of 38.02.

Insider Buying and Selling at Teck Resources

In related news, Senior Officer Colin Joudrie sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, December 22nd. The shares were sold at an average price of C$51.66, for a total transaction of C$568,260.00. Following the completion of the transaction, the insider now owns 55,646 shares of the company’s stock, valued at C$2,874,672.36. In other Teck Resources news, Senior Officer Colin Joudrie sold 11,000 shares of the firm’s stock in a transaction dated Thursday, December 22nd. The shares were sold at an average price of C$51.66, for a total value of C$568,260.00. Following the transaction, the insider now owns 55,646 shares of the company’s stock, valued at C$2,874,672.36. Also, Director Donald Richard Lindsay sold 162,827 shares of Teck Resources stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of C$51.08, for a total transaction of C$8,317,203.16. Following the completion of the sale, the director now owns 488,149 shares in the company, valued at C$24,934,650.92. In the last three months, insiders sold 195,827 shares of company stock worth $10,010,213. 74.29% of the stock is owned by corporate insiders.

About Teck Resources

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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.