The top Ubika Mining 30 gainers for the week March 24 – March 28, 2014 include: Focus Graphite Inc. (TSXV: FMS), Copper Fox Metals Inc (TSXV: CUU), Alderon Iron Ore Corp (TSX: ADV) and Champion Iron Mines Ltd (TSX: CHM). To view the complete Ubika Mining 30 index report, click on the download link.
Key Findings for the week of March 24 – March 28, 2014 are summarized below:
• Focus Graphite Inc (TSXV: FMS) was the top performer for the week with a 12% gain in market capitalization. The stock gained on the recent positive development on its Lac Knife graphite property, Quebec.
• After losing 5.39% the previous week, the UM 30 index declined further by 4.56% this week to end at 66.69. It underperformed both TSX Venture index (-4.35%) and S&P/TSX Global Mining Index (-0.57%).
• The TSX Venture index decreased by 45.01 points or 4.35% to close at 989.75. The index declined primarily due to the poor performance of gold companies and some other non-gold mining companies.
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