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Diamond & Specialty Minerals Summary for Oct. 11, 2024

2024-10-11 16:49 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a pleasant 92-56-162 as the TSX Venture Exchange gained nine points to 605. Among the more active specialty minerals stocks -- those that can still fog a mirror with their promotional breath in other words -- is American Lithium Corp. (LI). Today, it rose 22 cents to $1.28 on 2.01 million shares after its interim chief executive officer, Alex Tsakumis, wrote to shareholders telling them all is well, and he is thinking of them.

It is now fall, a time when weary shareholders of Ewan Mason's Star Diamond Corp. (DIAM) contemplate the all-but-obligatory, end-of-year slide known as tax-loss selling. Star is a candidate again this year, as its shares, firmly entrenched near eight cents for the past two years, began a southward slide in spring, recently touching a low of 3.5 cents in mid-September. There has since been a modest improvement, and Star closed unchanged at four cents on 111,000 shares today.

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