TRQ - Turquoise Hill Resources Ltd. Looks to Continue to Trade Above its Annual-High Share Price Today
Shares of Turquoise Hill Resources Ltd. (NYSE:TRQ) traded today at $27.00, eclipsing its 52-week high. This new high was reached on below average trading volume as 707,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.
Turquoise Hill Resources Ltd. share prices have moved between a 52-week high of $27.00 and a 52-week low of $9.75 and are now trading 175% above that low price at $26.77 per share.
Turquoise Hill Resources Ltd. (NYSE:TRQ) has potential upside of 1.4% based on a current price of $26.77 and analysts' consensus price target of $27.14.
Turquoise Hill Resources Ltd is a global mining company that primarily mines copper, gold, and coal in the Asia-Pacific region. The company holds a 66% interest in Oyu Tolgoi, one of the world's largest copper-gold-silver mines, which ships concentrate to customers in China. Oyu Tolgoi is located in the South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border. The company also holds interests in companies that mine molybdenum and rhenium in Australia, and gold at the Kyzyl Gold Project in Kazakhstan.
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