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Diamond & Specialty Minerals Summary for June 6, 2019

2019-06-06 20:01 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a weak 65-79-156 as the TSX Venture Exchange fell one point to 595 and polished diamond prices inched upward. Gurminder Singha's thin trading First Energy Metals Ltd. (FE) jumped to an intraday high of 18 cents, ending the day up 5.5 cents to 12 cents on 12,000 shares. It is unclear why: There has been no news since April when the company received assays of up to 0.23 per cent cobalt, 0.75 per cent copper and 0.17 per cent nickel over 4.4 metres at its Phyllis project in Ontario.

Nick Zeng's Golden Share Resources Corp. (GSH), up one cent to nine cents on 15,000 shares, has received the required exploration permits for its Ogoki diamond project in Northern Ontario. In the summer of 2017, Golden Share acquired Ogoki in the area where the Ogoki River meets the Albany River, but the company has so far spent but a pittance on exploration over the past three years.

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