Turquoise Hill Resources Ltd. (TRQ) : Traders are bullish on Turquoise Hill Resources Ltd. (TRQ) as it has outperformed the S&P 500 by a wide margin of 3.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.5%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2% in the last 1 week, and is up 7.86% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.85% and the 50-Day Moving Average is 15.79%.
Turquoise Hill Resources Ltd. (NYSE:TRQ): The stock opened at $3.64 on Friday but the bulls could not build on the opening and the stock topped out at $3.67 for the day. The stock traded down to $3.55 during the day, due to lack of any buying support eventually closed down at $3.57 with a loss of -1.65% for the day. The stock had closed at $3.63 on the previous day. The total traded volume was 1,205,561 shares.
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).