77.4 F
New York
Thursday, July 29, 2021

Teck Resources [NYSE: TECK] Announces Deal With Westshore For Steelmaking Coal

Must read

Digital Realty [NYSE: DLR] Considering Developing 64 MW Facility in South Korea

Digital Realty Trust, Inc. has shown its intention to build the 64-megawatt facility in Seoul, South Korea. The firm has decided that the...

Why Shares of IZEA Worldwide [NASDAQ: IZEA] Skyrocketing Today?

Shares of IZEA Worldwide, Inc. surged 8.10% at the time of writing on Wednesday. The strong performance of the firm has highlighted the...

BIT Mining [NYSE: BTCM] Ink Purchase Agreement to Buy Bitcoin Mining Machine

BIT Mining Limited has inked a purchase agreement to increase the fleet of bitcoin mining machines. As per the new purchase agreement, the...

Dyadic International [NASDAQ: DYAI] Inks Licensing Agreement with the Rubic Consortium

Dyadic International, Inc. disclosed that it has inked a COVID-19 vaccine technology transfer and licensing agreement with the Rubic Consortium. It has been...

Teck Resources Limited [NYSE: TAK] disclosed Wednesday it has entered into an agreement with Westshore Terminals Limited for the shipment of steelmaking coal.

The financial consideration of the latest agreement hasn’t disclosed yet. The new proposed agreement will be valid until March 31, 2021. This new deal will provide greater flexibility and optionality for Teck shipment.

Teck shares had tumbled down 2.62% at $11.16 during the trading session on Tuesday. It has a day low and high range of $10.90-$11.55. Its trading volume is 2.88 million as compared to the average volume of 3.78 million.

In the oast 52-weeks of trading, Teck shares fluctuated between the low of $5.60 and a high of $19.44. Its shares moved up 99.29% from its 52-weeks low and moved down -42.59% from its 52-weeks high.

Now if we look at its profitability, it has return on assets (ROA) of -4.80%, return on investment (ROI) of -1.40%. Its return on equity (ROE) is -8.90%.

Teck Gross Margin is 18.60%. Its operating margin is -23.10%, and a Profit Margin is -19.70%. Continuing to look at its liquidity, its current ratio is 1.50.

Likewise, its quick ratio is 0.60, the total debt to equity ratio is 0.34 and the long-term debt to equity ratio is 0.33. Teck Resources has reported the sales of 7.42 billion and has a market cap of 6.21 billion.

The new agreement allows the shipment of 5 and 7 million tonnes annually at a fixed loading charges. The 5 to 7 million tonne range will be applicable for the 9 months from April to December 2021 and for each 12-month period (January–December) in subsequent years until the contract volume is concluded.

Teck will ship 32.25 million tonnes under the latest deal.

More articles

Latest article

Binance, FTX Cut Leverage Limits on Crypto Futures Trading to 20x

Two major cryptocurrency trading platforms Binance Futures and FTX disclosed on Monday that they both have made a remarkable decision related to the crypto...

TD Holdings [NASDAQ: GLG] Inks Letter of Intent with Guangdong Jinbochuang

TD Holdings, Inc. has inked a letter of intent (LOI) with Guangdong Jinbochuang Special Purpose Vehicle Co., Ltd. and (Jinbochuang) and Hunan Jinmeike...

ASGN [NYSE: ASGN] Acquire IndraSoft Inc

ASGN Incorporated disclosed that it has acquired IndraSoft Inc. IndraSoft Inc has gained recognition as a prominent cybersecurity and digital transformation solutions offeror...

Link Reservations Decides to Accept Bitcoin/Crypto Payments

Link Reservations Inc disclosed Friday that it has decided to start accepting Bitcoin and cryptocurrency payments. This is the major breakthrough for the firm...

Athene [NYSE: ATH] Announces Acquisition of Foundation Home Loans

Athene Holding Ltd. disclosed on Thursday that it has inked a definitive agreement to purchase Foundation Home Loans (FHL). FHL had a £3...

Ping [NYSE: PING] and Anexinet Announces Partnership

Ping Identity Holding Corp. and Anexinet Corporation have both entered into a partnership agreement. The collaboration will integrate Ping Identity’s centralized Identity Access...

Digital Realty [NYSE: DLR] and Brookfield Announces Joint Venture

Digital Realty Trust, Inc.   and Brookfield Infrastructure Partners L.P. and its institutional partners disclosed on Wednesday that they have launched a 50/50 joint...

Red Cat [NASDAQ: RCAT] Announces Acquisition of Teal Drones

Red Cat Holdings, Inc. has inked an agreement on Tuesday to buy Teal Drones in an all-stock transaction. This acquisition will add Teal...