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TRQ - Why Shares of Turquoise Hill Resources Are Skyrocketing Today
Turquoise Hill Resources Ltd.
Markets are headed south again this morning, reversing course from yesterday's rebound. Turquoise Hill Resources (NYSE: TRQ) , however, is bucking the trend and ripping higher. To the delight of investors, the copper producer provided encouraging news regarding its operations in Mongolia yesterday, while some positive coverage from Wall Street is providing additional cause for investors' exuberance.
As of 11:30 a.m. ET on Tuesday, shares of Turquoise Hill had soared 16.5%.