Patrick Smith | Analyst | Ubika Research | Patrick@UbikaResearch.com | 1 (647) 444-5506 Richard Waxman | Associate | Ubika Research | Richard@UbikaResearch.com | 1 (647) 770-2185
The Ubika Base Metals 20 index falls as investor interest in base metals cools
Ubika Base Metals 20 Index (May 25, 2018 - July 20, 2018)
UBM20: -7.9% (-9.3% Y/Y)
TSX-V: -8.1% (-6.8% Y/Y)
Base Metals Index: -7.7% (14.4% Y/Y)
Dollar amounts in CAD unless otherwise stated.
Top Volume Gainers (m/m)
The Ubika Base Metals 20 Index has decreased 7.9% since our last report dated May 25, 2018, outperforming the TSXV and underperforming the Base Metal Juniors Index, which have declined 8.1% and 7.7% respectively over the same period. Notable performers for this report include:
Arizona Mining Inc. (TSX:AZ), which increased 49% with a takeover offer from South32 (ASX:S32)
Tethyan Resources PLC (TSXV:TETH) which increased 5% after acquiring a Serbian Company called Taor
Nevsun Resources Ltd. (TSX:NSU) which increased 8% after rejecting an unsolicited takeover proposal
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