Shares of Teck Resources (NYSE:TCK) were gapping up Thursday morning with an open price 11.3% higher than Wednesday's closing price. The stock closed at $37.04 yesterday and opened today's trading at $41.21.
NEW YORK ( TheStreet) -- Shares of Teck Resources (NYSE: TCK) were gapping up Thursday morning with an open price 11.3% higher than Wednesday's closing price. The stock closed at $37.04 Wednesday and opened today's trading at $41.21. The average volume for Teck has been 4.8 million shares per day over the past 30 days. Teck has a market cap of $20.5 billion and is part of the basic materials sector and metals & mining industry. Shares are down 40.1% year to date as of the close of trading on Wednesday. Teck Resources Limited operates as a diversified mining, mineral processing, and metallurgical company. The company has a P/E ratio of 10.6, above the average metals & mining industry P/E ratio of 10.5 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Teck as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Teck Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.