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Diamond & Specialty Minerals Summary for Oct. 12, 2021

2021-10-12 20:23 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Tuesday was a positive 118-72-110 as the TSX Venture Exchange jumped 19 points to 896 while polished diamond prices edged lower. Energy Fuels Inc. (EFR) leapt $1.42 to $9.32 on 2.25 million shares. The company had no news today, but uranium stocks continue to do well.

Dermot Desmond's Mountain Province Diamonds Inc. (MPVD) lost one cent to 45.5 cents on 78,000 shares. The company, bankrolled for over a quarter century by Mr. Desmond, an Irish billionaire with a taste for outside-the box investments, is looking for a new president and chief executive officer. The company's chairman, Desmond-appointee Jonathan Comerford, said that the company and Stuart Brown, who held the positions since 2018, had reached a mutual decision that Mr. Brown would "depart the company, effective immediately" -- words that translate loosely to: "You're fired! No, I quit!" -- the sophomoric version that usually plays out in a corporate mail room.

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