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Diamond & Specialty Minerals Summary for June 7, 2022

2022-06-07 20:02 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Tuesday was a positive 95-91-124 as the TSX Venture Exchange added four points to 722. Another brief jaunt north of 30 cents has ended for Ken MacNeill and Ewan Mason's Star Diamond Corp. (DIAM). Its stock, 26 cents late last week, spurted to 32 cents yesterday before closing at 30 cents. Today, Star Diamond lost two cents to 28 cents on 274,000 shares. There is still no word what the company and its majority co-venturer have planned for the year that began at the end of May. With mineral exploration, silence snuffs out a rally like a candle in the wind.

Chuck Fipke and Chad Ulansky's Metalex Ventures Ltd. (MTX) was unchanged at six cents on 108,000 shares. The company has been exploring for diamonds, mainly in Ontario and Quebec, since its formation 20 years ago, but lately, its focus has been wandering toward other, more promotable minerals. Metalex's most recent activity has been in Quebec, but its talk shifted from diamonds to gold a few years ago.

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