The Top Ubika Mining 30 market value gainers for the week December 30, 2013 – January 03, 2014 include: Allana Potash Corp. (TSX: AAA), Rodinia Lithium Inc (TSXV: RM) and Northern Graphite Corp (TSXV: NGC). To view the complete Ubika Mining 30 index report, click on the download link.
Key Findings for the week of December 30, 2013 – January 03, 2014 are summarized below:
• Allana Potash Corp (TSX: AAA) was the top performer for the week with a 16.52% gain in market capitalization. The stock gained on the recent positive development its Nova license (potash mining), Ethiopia.
• After gaining 9.84% the previous week, the UM 30 index gained 1.09% this week to end at 58.09. It underperformed TSX Venture index (2.79%) but outperformed S&P/TSX Global Mining Index (-0.29%).
• The TSX Venture index increased by 25.68 points or 2.79% to close at 944.71. The commodity-heavy index gained on robust price performance of many precious metal companies, which in turn were driven by a surge in gold and silver prices.
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