17:22:58 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Diamond & Specialty Minerals Summary for March 13, 2017

2017-03-13 20:19 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 Monday was a ho-hum 59-66-130. The TSX Venture Exchange gained five points to 804 while polished diamond prices were flat. Patrick Evans's Mountain Province Diamonds Inc. (MPVD) gained eight cents to $4.90 on 307,000 shares. The company is mining and selling diamonds from Gahcho Kue, but investors face a two-month wait for the results of those sales.

Grenville Thomas and Ken Armstrong's North Arrow Minerals Inc. (NAR), unchanged at 19.5 cents on 7,000 shares, is just 1,700 carats from proving or killing its Q1-4 kimberlite at Qilalugaq, near Repulse Bay in central Nunavut. Unfortunately, North Arrow's shareholders likely face a two-year wait for the story to unfold. (The company now refers to Qilalugaq by the Inuit name for Repulse Bay -- Naujaat -- which it thinks is easier on investors' tongues. It probably is, being two syllables shorter, but the new name -- a resting place for seagulls -- is less inspiring as the old one, which translates to beluga whale.)

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