|Bid||0.8240 x 1300|
|Ask||0.0000 x 1300|
|Day's Range||0.8242 - 0.8563|
|52 Week Range||0.3000 - 1.2000|
|Beta (5Y Monthly)||1.81|
|PE Ratio (TTM)||5.10|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.00|
DANVERS, Mass., Sept.
MONTREAL, Sept. 18, 2020 /CNW/ - Turquoise Hill Resources today announced that the Company's Board of Directors has accepted the resignation of non-independent director Alan Chirgwin, effective September 17, 2020.
Shares of Turquoise Hill Resources (NYSE: TRQ) were down about 19% by 10:45 a.m. EDT on Thursday. Weighing on the mining stock was an agreement it reached with its controlling shareholder Rio Tinto (NYSE: RIO) on a long-term funding plan for the Oyu Tolgoi copper mine in Mongolia. Turquoise Hill signed a memorandum of understanding with Rio Tinto, which currently holds 50.8% of its outstanding shares.