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TRQ - Why Shares of Turquoise Hill Are Crashing Today
Turquoise Hill Resources Ltd.
Even the price of copper rising to its highest level since June can't keep the bears away from copper producer Turquoise Hill Resources (NYSE: TRQ) today. Apparently, the challenges that the company is facing at the Oyu Tolgoi mine, as well as pessimism from Wall Street, is motivating investors to exit their positions today.
As of 11:10 a.m. EDT, shares of Turquoise Hill had fallen 17.6%.