The top Ubika Mining 30 gainers for the week April 21 – April 25, 2014 include: First Point Minerals Corp. (TSX: FPX), Mag Silver Corp (TSX: MAG), Rodinia Lithium Inc (TSXV: RM), Alderon Iron Ore Corp (TSX: ADV) and Quest Rare Minerals Ltd (TSX: QRM). To view the complete Ubika Mining 30 index report, click on the download link.
Key Findings for the week of April 21 – April 25, 2014 are summarized below:
• First Point Minerals Corp. (TSX: FPX) was the top performer for the week with a 27% gain in market capitalization. The stock gained on the announcement of successful test of the market acceptance of awaruite, a nickel-iron alloy, concentrates produced from company’s Decar project, British Columbia.
• After losing 2.27% the previous week, the UM 30 index gained 1.35% this week to end at 66.18. It underperformed both TSX Venture index (1.48%) and S&P/TSX Global Mining Index (1.44%).
• The TSX Venture index increased marginally by 14.82 point or 1.48% to close at 1,013.59. The positive earnings news in the market outweighs Ukrainian tension.
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