Tuesday, October 21, 2014

Rio Tinto is Up 2.07% Today in Australian Trading

On the ASX, Rio Tinto shares are sharply higher, up by about 2.07% currently.  This is welcome news for Rio Tinto, which has struggled lately with bad news on the iron ore market.  In my opinion, this will turn around soon and the company is rumored to be having a special dividend possible in February of 2015.  Disclosure, I am long RIO.

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