Nevsun Resources Continues to Surge in the Base Metals Sector

Chris Thompson | Head of Research | Ubika Research | Chris@UbikaResearch.com | 1 (416) 574-0469
Patrick Smith | Analyst | Ubika Research | Patrick@UbikaResearch.com | 1 (647) 444-5506
Maxim Medvedev | Associate | Ubika Research | Max@UbikaResearch.com | 1 (647) 936-6692
William Xiao | Associate | Ubika Research | William.x@gicpartners.com | 1 (647) 828-4632

Vendetta Mining Corp. (TSXV:VTT) was also a top performer in the Ubika Base Metals 20 Index

Ubika Base Metals 20 Index (April 9, 2018 - May 25, 2018)

UBM20: -0.5% (2.9% Y/Y)

TSX-V: 1.3% (-4.2% Y/Y)

Base Metals Index: 5.6% (27.9% Y/Y)

Dollar amounts in CAD unless otherwise stated.

Top Volume Gainers (m/m)

The Ubika Base Metals 20 Index has slipped 0.5% since our last report dated April 9, 2018, underperforming its benchmarks, the TSX-V and the Base Metal Juniors indices, which have increased 1.3% and 5.6% over the same period. Notable performers for this report include:

  • Nevsun Resources (TSX:NSU), which gained 39%, after rejecting an acquisition proposal led by Euro Sun Mining Inc. and Lundin Mining Corporation.
  • Vendetta Mining Corp. (TSXV:VTT), which climbed 15%, due to the initiation of the Pegmont Project’s field program.
  • Tethyan Resources Corp. (TSXV:TETH), which fell 37%, following its negative Q4/2017 performance.

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