The top Ubika Mining 30 gainers for the week July 21 – July 25, 2014 include Northern Graphite Corp. (TSXV: NGC), New Zealand Energy Corp (TSXV: NZ) and Fortune Minerals Ltd (TSX: FT). To view the complete Ubika Mining 30 index report, click on the download link.
Key Findings for the week of July 21 – July 25, 2014 are summarized below:
• Northern Graphite Corp (TSX-V: NGC) was the top performer for the week with 35% gain in market capitalization. Recently, NGC updated the Preliminary Economic Assessment (PEA) on its 100% owned Bissett Creek graphite project to assess the economics of building a process plant with twice the capacity of the plant contemplated in the company’s feasibility study.
• The UM 30 index gained 1.6% this week to end at 74.90 reversing the decline of 1.9% in the previous week. It outperformed the TSX Venture index (0.51%) and S&P/TSX Global Mining Index (1.57%).
• The TSX Venture index registered marginal gains of 0.51% to close at 1,017.44 on the back of positive Chinese manufacturing data and a series of positive earnings reports.
