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Diamond & Specialty Minerals Summary for Sept. 7, 2023

2023-09-07 20:35 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a mediocre 74-96-140 as the TSX Venture Exchange rose fractionally to 585. Surge Battery Metals Inc. (NILI) tried to live up to its name today, adding 17 cents to $1.04 on 3.34 million shares. It has been a topsy-turvy week for Surge, which added five cents Friday and another 11 on Tuesday, then shed five of them yesterday -- all the moves on plus-three-million-share days.

Dr. Raymond Davies's thin-trading Talmora Diamond Inc. (TAI) was unchanged at one cent on 30,000 shares. It had lost one-half cent on 5,000 shares yesterday in a trade worth the value of a Howe Street business lunch -- a non-alcoholic one, if such a thing can be had. Just 1.2 million shares have traded this year and at just 1.4 cents apiece, for a cumulative value of $16,910. This is the typical pattern for "no-bid Talmora" -- over the past decade just 20 million shares traded, worth a collective $595,000.

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