This week’s top market cap gainer is Roxgold Inc. (TSXV: ROG), which surged 20%. The company recently
announced that the Burkina Faso Council of Ministers approved the Yaramoko exploitation
permit, which would allow Roxgold to advance the development of its Yaramoko Gold Project.
Company insiders also bought more than 2 million shares and 1 million warrants in November.
Other top Ubika Gold 20 constituent companies for the week ending November 14th 2014 are: Dalradian Resources Inc. (TSX: DNA), GoldQuest Mining Corp. (TSXV: GQC) and Timmins Gold Corp. (TSX: TMM). To view the complete Ubika Gold 20 index report, click on the download link.
Key Findings for the week:
- Roxgold Inc. (TSXV: ROG) was the top performer of the week with 20.00% gain in the price and market capitalization. Recently the company announced that the Burkina Faso Council of Ministers approved the Yaramoko exploitation permit, which would allow Roxgold to progress the development of the Yaramoko Gold Project. Insider buying took place at Roxgold with more than 2 million shares and 1 million warrants have been bought by insiders in November.
- The UG 20 index declined 1.83% last week to close at 83.03 from the previous close of 84.58. It underperformed the TSXV index (0.83%); gold (0.92%) and S&P/TSX global gold index (1.99%).
- The performance of the UG 20 constituent companies was mixed with 9 out of 20 companies recording positive performance.
Interested in previous UG20 reports?
Here’s the archive link.
https://smallcappower.com/wp-content/uploads/cloud.modyocdn.com/uploads/ba83e1606e5811e4a1186d8f3a15053a/original/UG20-_17thNov14.pdf
