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Teck Resources Slips 7%

Shares of Canadian mining company Teck Resources Ltd. (TECK) are down 7 percent on Wednesday's trading.

On Wednesday, the stock must be reacting to news that Foundation Resource Management Inc. cut its stake in Teck Resources by 5.6 percent during the first quarter. The firm owned 1,064,895 shares of the basic materials company's stock after selling 63,633 shares during the period.

Currently at $35.08, the stock has traded between $19.32 and $45.90 during the past 52 weeks.

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