The Ubika Battery Metals Index is down 13% since our last report dated February 12, 2018, underperforming its benchmarks, the TSX-V Index and the Global X Lithium and Battery ETF, which decreased 4% and 6%, respectively, over the same period. However, the UB20 remains up 57% Y/Y, outperforming the TSX-V by 61% and the Global X Lithium and Battery ETF by 39%.
Notable performers for this report include:
1) Power Metals Corporation (TSXV:PWM), which fell 14% despite its participation in a new lithium extraction technology and the commencement of a new exploration campaign.
2) Nemaska Lithium Inc (TSX:NMX), which slid 20% in spite of its mine sale and noteworthy financings.
3) Altura Mining Limited (ASX:AJM), which rose 9% following strong drilling results, in spite of lithium companies falling across the board.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
To read our full disclosure, please click on the button below:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
