The top Ubika Mining 30 gainers for the week April 28 – May 02, 2014 include: First Point Minerals Corp. (TSX: FPX), Argex Titanium Inc (TSX: RGX) and Allana Potash Corp (TSX: AAA). To view the complete Ubika Mining 30 index report, click on the download link.
Key Findings for the week of April 28 – May 02, 2014 are summarized below:
• First Point Minerals Corp. (TSX: FPX) was the top performer for the week with a 46% gain in market capitalization. The stock gained on the announcement (April 22, 2014) of successful test of the market acceptance of awaruite, a nickel-iron alloy, concentrates produced from company’s Decar project, British Columbia.
• After gaining 1.35% the previous week, the UM 30 index gained further by 0.81% this week to end at 66.72. It outperformed both TSX Venture index (0.09%) and S&P/TSX Global Mining Index (-0.43%).
• The TSX Venture index increased marginally by 0.87 point or 0.09% to close at 1,014.46. The index remained more or less unchanged for the week as the weak manufacturing data from China offset positive U.S. jobs report.
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