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by Will Purcell
The diamond and specialty minerals stocks box score on Tuesday was a positive 74-74-147 as the TSX Venture Exchange fell one point to 707 while polished diamond prices inched upward. Canada Nickel Co. Inc. (CNC) jumped 69 cents to $2.74 on 4.63 million shares on word that it has launched a subsidiary to research and develop a processing facility in Timmins that will produce zero-carbon nickel, cobalt and iron. (The company just happens to have a potential supply of nickel and cobalt at its nearby Crawford project.)
Randy Turner's Canterra Minerals Corp. (CTM) jumped eight cents to 30 cents on 70,000 shares. Canterra's loftier share price is the result of a 1:10 consolidation that the company completed last week, elevating its stock to a Wednesday close of 17 cents from Tuesday's 2.5-cent finish. (As usual, the rollback gave the stock more room to fall, and fall it did -- initially.) (If the rollback is news to some investors, not to worry: The company says "no action is required" by shareholders -- shareholders who must be accustomed to no action regarding Canterra by now.)
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