The top Ubika Mining 30 gainers for the week May 26 – May 30, 2014 include: Lumina Copper Corp. (TSXV: LCC), Rodinia Lithium Inc. (TSXV: RM), North American Nickel Inc. (TSXV: NAN)and Simba Energy Inc. (TSXV: SMB). To view the complete Ubika Mining 30 index report, click on the download link.
Key Findings for the week of May 26 – May 30, 2014 are summarized below:
• Lumina Copper Corp. (TSXV: LCC) was the top performer for the week with 28% gain in market capitalization. The stock gained on the recent update of the company regarding the possibility of joint ventures, strategic partnerships, mergers, acquisitions or sale of the Company or other corporate transactions to enhance shareholder value.
• After gaining 0.66% the previous week, the UM 30 index gained 1.08% this week to end at 64.40. It outperformed TSX Venture index (-0.40%) and S&P/TSX Global Mining Index (-3.37%).
• The TSX Venture index declined marginally by 3.96 point or 0.40% to close at 983.99. The decline in index was mostly due to the poor performance of gold companies which were hit hard after the huge decline in gold price.
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