16:46:54 EDT Mon 22 Jul 2019
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Diamonds Summary
Symbol C : *MKTDIAM
Recent Sedar Documents

Diamond & Specialty Minerals Summary for June 5, 2019

2019-06-05 19:08 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 Wednesday was a mediocre 66-77-157 as the TSX Venture Exchange fell four points to 596 and polished diamond prices edged lower. Don Bubar's Avalon Advanced Materials Inc. (AVL) rose one-half cent to 10.5 cents on 8.29 million shares. The company has had nothing to say in nearly two months, but its stock has traded frantically in spurts since mid-May. The stock doubled to 9.5 cents on 20.5 million shares on May 21, and it got as high as 17.5 cents at the end of May as nearly 67 million shares traded in a three-day period. It has since been retreating but interest remains high, with retail investors thinking that the company's Nechalacho rare earth project in the Northwest Territories is a worthwhile gamble given the growing trade spat with China.

Dean Taylor's Diamcor Mining Inc. (DMI) lost one-half cent to 15 cents on 7,000 shares. The company sold another 1,648.78 carats of diamonds recovered during "continuing processing exercises" at its Krone-Endora at Venetia project in South Africa. Diamcor's gems sold for $143.50 (U.S.) per carat, one of its weakest sales in the past few years. Mr. Taylor, president and chief executive officer, said that the poor result was in part attributable to the goods being tendered in South Africa and a higher proportion of smaller, lower quality gems.

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.