Shares of Turquoise Hill Resources Ltd. (TRQ) Sees Large Inflow of Net Money Flow

Turquoise Hill Resources Ltd. (TRQ) : $1.32 million worth of transactions were on upticks in Turquoise Hill Resources Ltd. (TRQ), compared to $0.02 million on downticks. The ratio between the two was 60.41, whereas, the net money flow stood at a healthy $1.3 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $1.29million worth of trades. The total money flow into the stock stood at $1.29 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.17%. The stock was trading at $2.98, with a drop of $0.01 over the previous days close. The stock recorded -2.46% for the week.


Turquoise Hill Resources Ltd. has dropped 7.9% during the last 3-month period . Year-to-Date the stock performance stands at 19.29%.

Turquoise Hill Resources Ltd. (NYSE:TRQ): The stock opened at $2.99 and touched an intraday high of $3.03 on Wednesday. During the day, the stock corrected to an intraday low of $2.95, however, the bulls stepped in and pushed the price higher to close in the green at $3.03 with a gain of 1.68% for the day. The total traded volume for the day was 2,231,209. The stock had closed at $2.98 in the previous trading session.

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).

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