Ubika Gold 50 Report March 10, 2014

Published:

The top Ubika Gold 50 gainers for the week ending March 07, 2014 include: Romarco Minerals Inc. (TSX: R), Gran Colombia Gold Corp. (TSX: GCM), Endeavour Mining Corp. (TSX: EDV) and ATAC Resources Ltd. (TSXV: ATC). To view the complete Ubika Gold 50 index report, click on the download link.

Key Findings for the week:

  •  Romarco Minerals Inc. (TSX: R) was the top gainer for the week with a 21% gain (the average
    weekly volume for Solvista Gold Corp is less than the 50,000 cut-off set by Ubika). The
    company’s market capitalization rose on the recent positive development at its flagship
    project, the Haile Gold Mine in South Carolina.
  • The UG 50 index increased by 4.69% to close at 92.43. It outperformed TSXV index (1.72%),
    Gold (1.02%) and S&P/TSX global gold index (1.28%).
  • The performance of the UG 50 constituent companies was mostly positive with 29 out of 47
    companies recording positive performance while 13 companies reported negative performance
    for the week.

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