The top Ubika Mining 30 gainers for the week May 12 – May 16, 2014 include: Advanced Explorations Inc. (TSXV: AXI), Argex Titanium Inc (TSX: RGX), Fortuna Silver Mines Inc (TSX: FVI) 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 May 12 – May 16, 2014 are summarized below:
• Advanced Explorations Inc. (TSXV: AXI) was the top performer for the week with an 8% gain in market capitalization. The stock gained after the company signed a memorandum of understanding with Parkson Star Ltd. for jointly developing company’s Roche Bay Iron Ore Project.
• After losing 5.13% the previous week , the UM 30 index remained almost flat (0.002% gain) this week to end at 63.30. It outperformed TSX Venture index (-1.47%) but underperformed S&P/TSX Global Mining Index (1.08%).
• The TSX Venture index decreased by 14.55 point or 1.47% to close at 976.55. The index’s decline was driven by lower commodity prices, Ukrainian crisis and weak European markets.
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