14:50:23 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Diamonds & Specialty Minerals Summary for Mar. 24, 2015

2015-03-24 19:47 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a slow 47-40-162 as the TSX Venture Exchange gained three points to 674. Polished diamond prices inched upward. Patrick Evans's Mountain Province Diamonds Inc. (MPV) gained one cent to $4.14 on 874,000 shares, its most active day since mid-2012. Mountain Province is normally a thin trader but it became more active late last year, probably because the company is finally building its long-awaited Gahcho Kue diamond mine. Boris Ziger's Matica Enterprises Inc. (MMJ) closed unchanged at 9.5 cents on 1.12 million shares. Matica wants to grow medical marijuana and so it plans to spin off its exploration plays, including the Grumpy Lizard graphite play in Nevada, to four new companies. It seems an energetic plan, as Matica's combined market value is tiny. Only one of the new companies, Ravenline Exploration Ltd., has a name as yet -- unless one considers the likes of "Spinco3" or "1022608 B.C. Ltd." to be names.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2024 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.


Comments for this item are closed