At the end of the latest market close, Turquoise Hill Resources Ltd. (TRQ) was valued at $13.28. In that particular session, Stock kicked-off at the price of $13.31 while reaching the peak value of $13.52 and lowest value recorded on the day was $12.46. The stock current value is $12.49.
Recently in News on December 19, 2020, Turquoise Hill announces Definitive Estimate. MONTREAL, Dec. 18, 2020 /CNW/ – Turquoise Hill Resources Ltd. (“Turquoise Hill” or the “Company”) announced the completion and delivery by Rio Tinto of the Definitive Estimate, which refines the analysis contained in the feasibility study underlying the Company’s Oyu Tolgoi Technical Report (“OTTR20”) dated and filed on August 28, 2020. The results of the Definitive Estimate include:. You can read further details here
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Turquoise Hill Resources Ltd. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $13.52 on 12/18/20, with the lowest value was $3.01 for the same time period, recorded on 03/18/20.
Turquoise Hill Resources Ltd. (TRQ) full year performance was 89.67%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Turquoise Hill Resources Ltd. shares are logging -6.99% during the 52-week period from high price, and 314.81% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $3.01 and $13.43.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 1221077 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Turquoise Hill Resources Ltd. (TRQ) recorded performance in the market was 69.65%, having the revenues showcasing 48.80% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.67B, as it employees total of 2854 workers.
Turquoise Hill Resources Ltd. (TRQ) in the eye of market guru’s
During the last month, 0 analysts gave the Turquoise Hill Resources Ltd. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 9.21, with a change in the price was noted +3.79. In a similar fashion, Turquoise Hill Resources Ltd. posted a movement of +43.60% for the period of last 100 days, recording 480,454 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for TRQ is recording 0.45 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.44.
Turquoise Hill Resources Ltd. (TRQ): Stocks Technical analysis and Trends
Raw Stochastic average of Turquoise Hill Resources Ltd. in the period of last 50 days is set at 82.92%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 74.38%. In the last 20 days, the company’s Stochastic %K was 82.27% and its Stochastic %D was recorded 80.65%.
If we look into the earlier routines of Turquoise Hill Resources Ltd., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 69.65%. Additionally, trading for the stock in the period of the last six months notably improved by 79.04%, alongside a boost of 89.67% for the period of the last 12 months. The shares increased approximately by 2.88% in the 7-day charts and went down by 29.70% in the period of the last 30 days. Common stock shares were driven by 48.80% during last recorded quarter.