The top Ubika Gold 50 gainers for the week ending February 07, 2014 include: GoldQuest Mining Corp (TSXV: GQC), ATAC Resources Ltd. (TSXV: ATC) and Belo Sun Mining Corp (TSX: BSX). To view the complete Ubika Gold 50 index report, click on the download link.
Key Findings for the week:
• GoldQuest Mining Corp (TSXV: GQC) was the top gainer for the week with a 30.91% gain. The company’s market capitalizatin rose as it acquired Descansadero Concession (gold prospect) adjacent to its Romero Project, Dominican Republic.
• The UG 50 index gained 4.20% to close at 79.36. It outperformed TSXV index (1.13%), Gold (1.83%) and S&P/TSX global gold index (0.69%). The increase in UG 50 index can be attributed to the rise in gold price.
• The performance of the UG 50 constituent companies was mostly positive with 29 out of 48 companies recording positive performance for the week.
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