04:48 PM EST - Nuinsco Resources Ltd. : reported net income of $1.23 million or $0.01 per share for the first quarter of fiscal 2008, compared to $1.95 million or $0.01 per share in the prior year quarter. Results for the quarter include income tax recoveries of $1.74 million related to flow-through share renunciations, while the prior-year quarter includes a dilution gain with respect to the Company's equity-accounted investment in Victory Nickel of $2.04 million. Nuinsco Resources Ltd.
shares T.NWI are trading up 6.67 percent at $0.24.
