Manhattan, NY- June 28, 2014 – (Techsonian) – Turquoise Hill Resources, (NYSE:TRQ), recently released that a notice of dispute with the Government of Mongolia has been filed. The Investment Agreement outlines the dispute resolution process. The filing is the first step in that process and includes a 60-day negotiation period. If the parties are unable to reach a resolution during this period, the dispute can be referred to international arbitration.
Turquoise Hill Resources Ltd (NYSE:TRQ) traded 8.81 million shares in the last business day while the average volume of the stock remained 3.30 million shares. The stock showed a positive movement of +1.24% to end at $3.27. The 52 week range of the stock remained $3.01 – $6.14. For How Long TRQ will fight for Profitability? Read This Trend Analysis report
Midway Gold, (NYSEMKT:MDW), declared the results of its 2014 Annual General and Special Meeting of Shareholders (the “Meeting”) held in Las Vegas, Nevada on June 18, 2014. At the Meeting, all nominees listed in the management information and proxy circular for the Meeting were elected as directors of the Company. The shareholders approved a resolution to set the number of directors of the Company’s board of directors at seven.
Midway Gold Corp (USA) (NYSEMKT:MDW) reported 8.69 million shares were exchanged during the last trade, while the average volume is about 1.01 million shares. The stock escalated +1.20% and finished the day at $0.840. The beta of the stock is recorded at 0.91.
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Rowan Companies, (RDC) announced that one of its subsidiaries has entered into a two-year drilling contract for the Rowan Relentless, the fourth and final drillship in Rowan’s current construction program. The contract is with Freeport-McMoRan Oil & Gas LLC (“FM O&G”), a subsidiary of Freeport-McMoRan Copper & Gold, (NYSE:FCX), for operations in the U.S. Gulf of Mexico. The contract is expected to commence in the third quarter of 2015 and will add approximately $425 million to Rowan’s current contract backlog.
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) opened the session at $35.64, trading in a range of $35.58 – $36.14, and closed at $36.07. The stock showed a positive performance of +1.04% in the last trading session. The stock traded on a volume of 8.69 million shares and the average volume of the stock remained 7.49 million shares.
Will FCX Continue To Move Higher? Find Out Here
Uranium Energy, (NYSEMKT:UEC), is pleased to report that the U.S. Environmental Protection Agency has now reaffirmed its earlier decision to uphold the granting of the Company’s existing Aquifer Exemption for its fully permitted Goliad ISR Project.
Uranium Energy Corp. (NYSEMKT:UEC) the stock decreased -3.51% and finished the session at $1.65. Traded with volume of 8.52 million shares in the prior session and the average volume of the stock remained 1.66 million shares.