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Harry Winston Diamond, Russel Metals shares reach 52-week high

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| January 14, 2013

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Harry Winston Diamond Corp. (TSX: T.HW, Stock Forum) briefly hit $15.85 on Monday before closing at $14.90, for an increase of 4.41%.

The diamond miner and retailer has struck a deal to sell its diamond jewelry and division, Harry Winston Inc., to The Swatch Group Ltd., for US$750 million plus their assumption of up to US$250 million of pro forma net debt.

Harry Winston's best known asset is a 40% interest in the Diavik mine in the Northwest Territories.

The second company to make the 52-week-high list was Russel Metals Inc. (TSX: T.RUS, Stock Forum). The stock hit a new peak of $29.59, before closing at $29.48, for an increase of 1.06%.

The company said results for the 2012-year end and fourth quarter will be issued by press release on Tuesday, Feb. 12, 2013.

Russel Metals is engaged in metals distribution and production.



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