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 on Wednesday was a weak 73-86-141 as the TSX Venture Exchange rose three points to 711 and polished diamond prices remained flat. Mark Chalmers's Energy Fuels Inc. (EFR) continues to be a lethargic communicator but a busy trader. Energy, which has been mum about its uranium and critical metals projects since spring, slid 19 cents to $2.30 on 1.24 million shares today. The stock inexplicably jumped to $2.60 from $2.10 in mid-July, but this week it has been finding its way back.
Dermot Desmond and Stuart Brown's Mountain Province Diamonds Inc. (MPVD) continues its battle to overcome the financial ravages of the COVID-19 pandemic, but the bankers and analysts are increasingly worried about the company's future. Debt rating agency, Moody's Investors Service, has again downgraded its assessment of Mountain Province's ability to repay its debt. It now rates the second-lien secured debt, as well as the company's probability of default, as "Caa-3," a two-category drop from the "Caa-1" rating assigned in March. Mountain Province has been wending its way down Moody's rating scale over the past few years. Prior to March, it had been rated at "B3," its initial rating in the fall of 2017.
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.