Ubika Gold 50 Report May 05, 2014

The top Ubika Gold 50 gainers for the week ending May 02, 2014 include: Eco Oro Minerals Corp. (TSX: EOM), Aldridge Minerals Inc. (TSXV: AGM) and Dalradian Resources Inc. (TSX: DNA). To view the complete Ubika Gold 50 index report, click on the download link.

Key Findings for the week:

• Eco Oro Minerals Corp. (TSX: EOM) was the top gainer for the week with a 7% gain. The company’s market capitalization rose on the recent positive development at its Angostura Gold-Silver project, Colombia.
• The UG 50 index lost 0.16% to close at 80.58. It underperformed TSXV index (0.09%) but outperfomred Gold (-0.27%) and S&P/TSX global gold index (-0.72%).
• The performance of the UG 50 constituent companies was mostly negative with only 12 out of 45 companies recording positive performance while 28 companies reported negative performance for the week. Rest of the companies did not report any change.