23:08:11 EDT Sat 05 Jul 2025
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Diamond & Specialty Minerals Summary for July 2, 2025

2025-07-02 17:34 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a ho-hum 78-64-168 as the TSX Venture Exchange surged 18 points to 751. Peter Born's Bedford Metals Corp. (BFM) has been as quiet as a submarine hiding from an enemy destroyer, since its promotional sonar department last pinged investors with news of pending exploration at its Sheppard Lake uranium project in Saskatchewan.

No matter: Bedford's stock suddenly blew its ballast tanks and surged upward late last week. A lacklustre trader with a 20-cent stock just a week ago, Bedford added six cents on Thursday and 8.5 cents more on Friday, closing at 36 cents on 1.8 million shares. On Monday, the company tacked on 11 more cents, closing at 47 cents on 1.59 million shares. That rise finally caught the attention of the regulators and while Mr. Born offered the standard rally-killing "we know nothing" spiel, Bedford held its gain for the remainder of Monday. But not today: Bedford slid 11 cents to 36 cents on 972,000 shares in continued silence.

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