The Top Ubika Mining 30 market value gainers for the week January 20 – January 24, 2014 include: Great Western Minerals Group Ltd. (TSXV: GWG), Focus Graphite Inc (TSXV: FMS), Simba Energy Inc (TSXV: SMB) and Ic Potash Corp (TSX: ICP). To view the complete Ubika Mining 30 index report, click on the download link.
Key Findings for the week of January 20 – January 24, 2014 are summarized below:
• Great Western Minerals Group Ltd. (TSXV: GWG), a manufacturer and supplier of rare earth element-based metals and metal alloys, was the top performer for the week with a 36.84% gain in market capitalization. The stock gained on the recent positive development on its Steenkampskraal Project (low cost, high-grade critical rare earth asset), South Africa.
• After gaining 8.88% the previous week, the UM 30 index declined by -0.15% this week to end at 65.82. It outperformed both TSX Venture index (-0.92%) and S&P/TSX Global Mining Index (-2.80%).
• The TSX Venture index decreased by 9.03 points or 0.92% to close at 967.31 on poor manufacturing data from China and U.S. Federal Reserve’s announcement on fresh tapering.
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