Large Outflow of Money Witnessed in Turquoise Hill Resources Ltd.

Turquoise Hill Resources Ltd. (NYSE:TRQ) traded higher in the last at $3.26, gaining 0.38 points or 13.04%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-1.13) million. The composite uptick value of $7.07 million was eclipsed by the accrued downtick value of $8.2 million, thereby ensuring the up/down ratio of 0.86. For the week, the shares have posted returns of 9.98%.A block trade registered during the day has revealed $1.56 million in upticks and $2.05 million in downticks. The up/down ratio in this case turned out to be 0.76. The net money flow for the block trade was $(-0.49) million.


Institutional Investors own 29.48% of Turquoise Hill Resources Ltd. shares.

Turquoise Hill Resources Ltd. (NYSE:TRQ) : On Monday heightened volatility was witnessed in Turquoise Hill Resources Ltd. (NYSE:TRQ) which led to swings in the share price. The stock opened for trading at $3.06 and hit $3.44 on the upside , eventually ending the session at $3.26, with a gain of 13.19% or 0.38 points. The heightened volatility saw the trading volume jump to 15,705,425 shares. The 52-week high of the share price is $4.19 and the company has a market cap of $6,560 million. The 52-week low of the share price is at $1.55 .

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).

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.