Ubika Battery Metals Index Surges 57% Year Over Year

Our Ubika Battery Metals Index fell during the past two months, though, along with most other battery metals stocks

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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.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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