Turquoise Hill Resources Ltd. (NYSE:TRQ) has climbed 14.93% in the past week and advanced 19.5% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 16.31% and the outperformance has advanced to 18.4% for the last 4 weeks period.
Turquoise Hill Resources Ltd. (NYSE:TRQ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.34 and $3.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.31, notching a gain of 0.91% for the day. The total traded volume was 4,909,902 . The stock had closed at $3.28 on the previous day.
The company shares have dropped -17.04% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $4.04 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $2.90 and the 200 Day Moving Average price is recorded at $2.52.
Institutional Investors own 29.48% of Turquoise Hill Resources Ltd. shares.
Turquoise Hill Resources Ltd. (Turquoise Hill) is an international mining company focused on mining operations in Mongolia. The Companys principal and only material mineral resource property is the Oyu Tolgoi copper-gold mine in southern Mongolia. The Oyu Tolgoi Mine is approximately 550 kilometers south of Ulaanbaatar, Mongolias capital city, and 80 kilometers north of the Mongolia-China border. The minerals on the property consist of porphyry-style copper, gold, silver and molybdenum contained in a linear structural trend (the Oyu Tolgoi Trend) that extends over 26 kilometers. Mineral resources include, from south to north, the Heruga Deposit, the Southern Oyu deposits (Southwest Oyu, South Oyu, Wedge and Central Oyu) and the Hugo Dummett deposits (Hugo South, Hugo North and Hugo North Extension).