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However, it is currently trading 14.3% below its 52-week high of $27.08, which it hit on September 15, 2021. In March 2021, TECK pleaded guilty to two charges that it violated the country’s Fisheries Act, and agreed to pay a CAD60 million ($46.91 million) penalty.
Furthermore, we think rising COVID-19 cases due to the rapid spread of the Delta variant, and increasing wildfires, make the company’s near-term outlook uncertain because its production could be significantly impacted.
