The top Ubika Mining 30 gainers for the week May 19 – May 23, 2014 include: New Zealand Energy Corp. (TSXV: NZ), Copper Fox Metals Inc. (TSXV: CUU) and Great Western Minerals Group Ltd. (TSXV: GWG). To view the complete Ubika Mining 30 index report, click on the download link.
Key Findings for the week of May 19 – May 23, 2014 are summarized below:
• New Zealand Energy Corp. (TSXV: NZ) was the top performer for the week with 12% gain in market capitalization. The stock gained on the recent positive development on its Taranaki Basin (crude oil), New Zealand.
• After gaining 0.002% the previous week, the UM 30 index gained 0.66% this week to end at 63.72. It underperformed TSX Venture index (1.17%) and outperformed S&P/TSX Global Mining Index (-0.28%).
• The TSX Venture index increased marginally by 11.40 point or 1.17% to close at 987.95. The decline in mining stocks was almost offset by energy stocks.
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