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Teck Resources Ltd’s Shares Reel: -1.46% Quarterly Revenue Decline Amid 33.12B Market Cap

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The market performance of Teck Resources Ltd’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $54.69 on 05/20/24, while the lowest value for the same duration was $34.28 on 11/16/23.

52-week price history of TECK Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Teck Resources Ltd’s current trading price is -16.31% away from its 52-week high, while its distance from the 52-week low is 33.50%. The stock’s price range during the 52-week period has remained between $34.28 and $54.69. In the Basic Materials sector, the company’s shares saw a trading volume of around 1.86 million for the day, which was evidently lower than the average daily volume of 2.86 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Teck Resources Ltd (TECK) has experienced a quarterly decline of -1.46% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 33.12B and boasts a workforce of 12600 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 48.15, with a change in price of -1.29. Similarly, Teck Resources Ltd recorded 2,983,390 in trading volume during the last 100 days, posting a change of -2.73%.

Examining TECK’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for TECK stands at 0.38. Similarly, the long-term debt-to-equity ratio is also 0.36.

TECK Stock Stochastic Average

Teck Resources Ltd’s raw stochastic average for the past 50 days is presently 25.68%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 3.84%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 28.24% and 50.43%, respectively.

TECK Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. This year’s metric has recorded a Price increase of 9.15%. However, over the past six months, we’ve seen a stronger performance of -12.19%. The price of TECK leaped by -10.26% over the last 30 days. And in the last five days, it has fallen by -6.19%.

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