16:49:23 EDT Mon 21 Oct 2019
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Diamond & Specialty Minerals Summary for Feb. 22, 2019

2019-02-22 17:55 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 on Friday was an upbeat 84-66-151 as the TSX Venture Exchange gained one point to 623 and polished diamond prices rose 0.1 per cent. The shares of eCobalt Solutions Inc. (ECS), 46 cents on Monday, took another hit, dropping 3.5 cents to 29.5 cents on 5.21 million shares. "Market conditions" are forcing the company to cut costs at its Idaho cobalt project.

Lukas Lundin and Eira Thomas's Lucara Diamond Corp. (LUC) lost 15 cents to $1.64 on 2.75 million shares. The company said after the close Thursday that it earned $11.7-million (U.S.) during 2018, with its Karowe mine in Botswana "meeting or exceeding guidance in all areas." Ms. Thomas, president and chief executive officer, and her crew are apparently using the Howe Street definition of "meeting," or perhaps "all areas," as the company's revenue for 2018, $176.2-million (U.S.), fell short of the company's revised guidance of between $180-million (U.S.) and $190-million (U.S.). Guidance targets are usually easier to meet when they are revised mid-year, but that was not the case with Lucara. The company's initial forecast had called for between $170-million (U.S.) and $200-million (U.S.).

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

© 2019 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.