The top Ubika Gold 50 gainers for the week ending January 31, 2014 include: PMI Gold Corp (TSX: PMV), Reservoir Minerals Inc. (TSXV: RMC) and Meadow Bay Gold Corp (TSX: MAY). To view the complete Ubika Gold 50 index report, click on the download link.
Key Findings for the week:
• PMI Gold Corporation (TSX: PMV) was the top gainer for the week with a 10.96% gain. The stock rose on recent announcement on January 31, 2014 that “Asanko Gold Inc’s and PMV’s shareholders approved acquisition of PMV by Asanko”.
• The UG 50 index declined by 0.85% to close at 76.16. It outperformed TSXV index (-1.65%) and Gold (-2.01%) but underperformed S&P/TSX global gold index (-0.06%). The decline can be attributed to the decline in gold price.
• The performance of the UG 50 constituent companies was mixed with 22 out of 48 companies recording negative performance for the week.
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