Turquoise Hill Resources Ltd (NYSE:TRQ) (TSE:TRQ) shares saw strong trading volume on Wednesday . 53,424,953 shares were traded during mid-day trading, an increase of 878% from the previous session’s volume of 5,464,479 shares.The stock last traded at $1.66 and had previously closed at $1.61.
Separately, CIBC reaffirmed a “buy” rating on shares of Turquoise Hill Resources in a research note on Tuesday, November 6th.
The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 8.58 and a beta of 0.91. The company has a debt-to-equity ratio of 0.50, a current ratio of 5.16 and a quick ratio of 4.73.
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Turquoise Hill Resources Company Profile (NYSE:TRQ)
Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, silver, and molybdenum deposits. It primarily develops and operates the Oyu Tolgoi mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd.
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